Can  a serious illness that will cause one of you or both to lose their earning power or income generation create a hardship for you?

It doesn't matter if the price is $20k each or $200k, the way to earn the best ROI is to find a deal where you put down a relatively modest amount of money, use a loan for the balance, and still achieve cash flow (and/or rapid pay down of principal in the case of short-term land contracts).

Hi,I have found that the listing agent has a huge incentive for you to purchase his/her listing as they will make/earn twice as much money.  

If that right is conveyed, the option price is earned over that period.

I learned a ton in real estate, but I was a salaried "employee" as Kiyosaki states in his book.I wanted to earn some real money in real estate, but got burned out in the PM side.

My real question is can Ilive off the earnings of my rent and what tax ramifications could there be?

My plight right now is that I only earn  $33K per year.  

I need about $200k and if things go wrong I will walk away while you lose your hard earned money. 

I had 2 kids quite young, before I was financially stable, but we made it work, I am the bread winner with a decent paying job, my wife's salary is just under half of what I earn, so if anything should happen to me I don’t want my kids and wife a battle in time financially.

Because they don't have the opportunity to earn more money through their current job (aside from getting a promotion or starting a side hustle), it can make a huge difference on their bottom line if they are frugal.Because you're an agent, you have an opportunity to work harder and increase your income to make up the difference for living a reasonable lifestyle while still setting yourself up for success long-term.