Guaranteed rent is my dream goal when renting out my properties and Sect 8 achieves that goal for me.

I have specific plan to achieve this goal and it is not the usual approach yo see here in BP.

The only way around the banks is to pay all cash, or find a Motivated Seller that will accept Seller Financing.

My goals are to achieve enough cash flow to be able to make my own schedule and spend time with my family.

Concepts such as the 1% to 2% rule, where the monthly rent is between 1% to 2% of the price of the unit is much more achievable in a triplex or a 4-plex than an over-valued SFR.In your 250k home example, if you get 2000 per month rental payment, you are only making .8% of the home price in monthly rent.

At the end of the day, given the time, resources, and motivation, we are fortunate enough to be able to build the life we want, and all these stories are proof of it.Would love to get in touch with your partner in Auckland and find out all the things they have learned through their experiences.

With the $1M you could invest, you'd easily be able to get into a facility large enough to achieve all that you stipulated as your goals.  

My girlfriend and I are in college have been grinding away at our wholesale business to pay for college by the time we graduate (we are currently both undergrads), we are meeting with a very motivated seller today, we have no experience.... are also thinking about using seller financing not just wholesaling as our options.Question: our area is very dead in terms of REI it is a college town so there are a lot of rentals but almost no flippers, we have an extremely low population (we are in the north country in upstate new york) and no REI meetings within 60 miles.

What is the motivation to sell?

Welcome @Larry Edwards let us know how we can help you achieve your 2016 goals.