Be sure to read through The Ultimate Beginner's Guide to Real Estate Investing to help you get started.Also - here's a couple articles you might enjoy:The 21 Best Real Estate Investing Books Ever How to Rent Your House: The Definitive Step by Step GuideHow to Be a Landlord: Ten Tips for SuccessFinally -be sure to setup some keyword alerts - especially for "Richmond" so you can jump into local conversations.See you around the forums!

ultimately I'm trying to understand cash out refinance and how it works in investments. 

I would like to continue flipping in real estate and ultimately do a few flips, but have great rentals for the income (so I can quit my day job.. future dream!)  

Again you might not net as much by doing the work on your own, but you may be able to take on more projects at a time since you will ultimately have more time on your hands!

Do your research to mitigate and hedge but ultimately, know that you have to spend money to learn with no guarantee of success.

Ultimately, investing in net lease properties will allow new investors to get into the game, gain knowledge, and develop credibility to inspire potential investors to future deals.

In REI, macro-socio-economic factors may be interesting but, ultimately, they're beyond the control of the individual investor and largely unpredictable.

I have seen this time and again where the wife obtains a loan to buy out the husband and then something comes along, loss of juob, illness or what ever that is not totally devistating but just put's them behind in payments and ultimately loses the house anyway.

Well, that property certainly will not appreciate and infact it will be of less value than one maintained, so when you sell it....and ALL real estate is sold or transferred at some point and is ultimately carried at a book/appraised value to determine wealth (even if you drop dead and your kids end up with it) you lose the potential value.

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