He is considering doing owner financing or other creative financing to make it happen.

And, unfortunately, our state colleges also prepare students for "high paying j.o.bs like engineering".

After we close, it is still expected that I will do most of the manage-the-manager, strategic decisions, and maybe even preparing the tax returns.

But be prepared for ARMs.

I have done a ton of research as I am a bit of an over preparer and not the jump in and learn on the fly type but the reality is that I have been focusing on educating myself for only about 3 months actively.

We weren't sure if we should stick to our model or if there was a different, creative solution to make money this way.Has anyone come across this before?

That's certainly a creative idea.

Be mentally and financially prepared for speed bumps, road blocks, riots, fires, eathquakes and floods.

If I have a valuation on the property I can prepare myself to put it together.There are no multi unit comps over the last year to use as a valuation.

Think about what you can realistically do now to grow your savings and build credit, at what point you'd have enough to take the next step, preparation needed to get to the next step, and five and 10 year or longer goals.I'm currently in a holding a pattern this year, so you could say my current business plan is to read more real estate books, be active on BP forums, post my adventures and ponderings on my BP blog, do more maintenance inspections on our rentals, dream ad explore five and 10 year options, and work to reduce expensive tenant turnover.