I work as a sales engineer but have been spending the last year researching the real estate game and the B.P. community seems to be very nice and helpful so I'm glad to be here!

You don't really talk about real estate or what's going on in the community since you're playing a game, but eventually you'll strike a conversation with someone who knows a lot about the area as well.

Statute of limitations doesn't come into play until a period of years AFTER the maturity date of the loan(s).

This way the mortgage is being paid down for you AND you can make a play at the appreciation you seem very sure of.

Guy is playing a game of chess.

@ Jill PetersonI suggest having an applicant scorecard so that you can review candidates on a level playing field. 

Playing with my numbers, I hope to get a 3rd SFR in about a year.

if you insurance business is being reported on Schedule C (not in a S-Corp or LLC) this will not however reduce the self-employment taxes you have to pay on the insurance income.A Cost seg is really a play on the time value of money, depending on your goals with the property it may or may not make sense. 

I understand all your fears and it is a hurdle/risk we have to overcome in order to ger skin in the game.

Will the home be titled in your name and the seller is essentially playing the lender and holding the note?