You can have your choice of long term rentals or short terms flips.If interest please provide your information and we will send you a list of investment properties in your area.

I would like my RE investing to be self-sufficient and continue to operate, grow and increase its momentum and I don’t want it to be significantly impacted when I leave my day job.

I'd say a deal like this should have 10% of the sale price as the down payment and the front-end loaded note can be made so that is attained and then fall into the remaining amortized period.Sell the property for what it's worth, 8% is sufficient consideration, use the amortized period to provide you wanted monthly income, you could require a higher payment to principal to increase the down payment over time as long as they can really afford it, and affording should be determined by debt-income ratios not by an opinion, especially with any inclination of getting in their pocket from any personal issue.Good luck on your getting your RE license, as you go through that process you'll see the ethical aspects of dealing in RE and what I've said here will become clearer. :)

This would be a cash-out refi on the aformentioned one property (condo) and at the time of the application I have the choice of being either rental/income property or actually living in the property as owner-occ.

., so that’s a little bit of a plus.So that’s where I’m coming from, as far as where I want to go…my main goal is to create a stream of “passive” income which at some point would be high enough to cover my humble expenses, thus giving me a choice to do whatever I want, allowing me to quit the rat race being one option.

(c) Of course, ALWAYS focus on the ROI (return-on-investment) to determine if the effort and time are worth the work.By no means is this a complete guide, however I hope it gives you focal points to work with in making your choices.

But while "free and clear" may decrease the risk of loss from negative cash flow or losing a property, it may also INCREASE the risk of you not having sufficient income and resources to meet your needs/goals, etc., because you are accumulating assets so much more slowly at lower ROI & with higher taxes.

I asked my title company choice for their closing costs and they told me an estimate.

I haven't yet met with anyone yet but keller williams is top of my list with real estate one as my second choice just from reading about them.

Would a Realtor be a better choice or am I giving up more advantageous leads that a PM may have (i.e. wholesalers)?