Lots of Detroit bashers on here will be eating a crow soon.  

Im already eating up the ultimate beginners guide.

Get a nice house, my nice car with my $20k USAA loan, and go out to eat once a week.

If you want to move to cash flow however my advice would be avoid the 60-100k turnkey SFHs - the individual capex will eat up most of it in the long run. 300k+ houses make more sense but you wont find many markets at those prices with great cash flowing cap rates.  

As far as the networking...It was a hot day so I decided to get some oysters and while sitting at the bar, eating my dozen, I hear a gentlemen few seats over start talking about vacation rentals, corporate housing, and about the 30 day limit on vacation rentals in some cities.

I know the usual things like cutting out cable, eating beans and rice haha, living frugally but what else?

So if you have to pay hard money loan interest on a 24-month, it eats up 32% of ARV and the 10% closing costs is on top of that.Also, in my case, I do know which year I will cash in all my chips and that is targeted all at 2021 (based on an 18-year real estate cycle analysis), which is one of the challenges with IRR.

If possible, I plan on selling my residence first and living in the new home during the remodel, which I plan will take 2 months.How would this transaction work and how much would it cost to use an EAT?

Don’t let a rental eat your seed corn:Jimmy Napier was one of my teachers.

And if I do this deal, it will probably be the last one I do for a while as it will eat up a lot of the cash I have left.