What if you and your two partners realize you don't enjoy it? 

Regardless of what you do, you still need the basics to get started which are a good paying job, low expenses, and savings. 50k is a great starting point, but you'll quickly realize it doesn't go as far as you thought it might. 

Realize you have gotten a lot of rain.  

I was excited to get into the market, but I soon realized that I had much to learn.Key Lesson #1: Start Investing Early I wish I had started investing in real estate sooner.

I suppose you could say the benefit is realized if rate comes down but nobody expects that near term and the early few years are going to be highest to a borrower who is motivated to pay off his mortgage, either AIO or fixed.If a borrower got a fixed and threw his money to principal every month (aside from emergency fund), even if he made that payment inefficiently (last day of month), it still is better than being super cash efficient at a higher rate.

Eventually, I realized I needed to back off.

Otherwise when I find myself using big words trying to explain myself I might realize at some point, hopefully in time, that I have no idea what I'm talking about.

Because of this recommendation I will do 95% LTV instead of 96.5% LTV, but realize the annual return from appreciation would be higher at 96.5% LTV.At 95% LTV- since 2000: 115% annual- Last 10 years: 169% annualnow that is very impressive.  

It is not someone that wants to needs to or even realizes that they HAVE to sell their house.A motivated seller is anyone willing to sell their house below market value regardless of reason.

Then you have to understand MOTIVATED seller leads generation.Once you do, you will soon realize that it is not possible to target motivated sellers.Anything based on a list is not even random, it is worse than random.Fact 1:I rank #1 on Google for my market and thus I get a ton of organic actually and truly motivated seller leads.I rarely get foreclosures, absentee owners, probates, tax liens, divorces etc.