I'm committed and highly motivated to building a legacy and financial education for my future children and also provide great returns for family, friends and colleagues. 

These include mortgage payments, taxes, insurance, utilities, and HOA fees, etc. that occurs during the Rehab period and up until the property is fully rented.Are you sure you can get the property Refinance in only 2 months after purchase?  

Don’t quit your job... period

Keep up with the educational side, figure out exactly what type of property you want to start with and find your first project.

The other thing (going back to my interview) is that while they may tell you that the extra courses will pay for themselves via flips and wholesales.... that $50k is buying more than just education and mentor ship.

I welcome any advice on education or how to improve my processes.

You want to remember that there is no statutory holding period or qualified use period that qualifies a property for 1031. 

Currently I have been educating myself with some of the real estate books that were recommended on the podcasts.  

Do a risk assessment of these factors, then develop your strategy.You will have a stabilization period with possible negative cash flow, but once you get through it you will have a much easier time with your own tenants and lease. 

Hi,I am looking for an investment property like a Town Home or a Single family home which I would like to get some cash flow for a period of 5 to 10  years.