It wouldn't generate cash; it'd be a consumable good, effectively.

I have been listening to Bigger Pockets podcast and reading blog posts on the website for well over a year and really want to engage in the Bigger Pockets community more intentionally!

If you are looking for a variety of ways to do relatively passive investments you might want to check out my blog article Three Key Routes for Passive Real Estate Investing

The effect of this rule is that once you have 10 mortgaged properties you cannot get any more conforming loans.If both you and your wife can qualify, each can get 10 conforming loans. 

@Daniel Villanueva - I wrote a blog that gives a good intro to SEC 8.  

@Colton John SeaverWelcome to BP, and congratulations on making the decision to invest in your future via real estate.I have written a few blog posts that may help you get started here on BP, and with your investing.

Also ill be here to respond or answer questions.My wife is also documenting our journey on her blog if you want to check that out, she has pictures of what we have done so far.

@Bruce SchutteWelcome to BP, and congratulations on making the decision to invest in your future via real estate.I have written a few blog posts that may help you get started here on BP, and with your investing.

@Aaron Deane Many of the answers you are looking for can be found here:How to Effectively Conduct Joint Venture Agreements as a Real Estate Investor596231-how-do-i-properly-construct-a-purchase-with-a-partnership591376-create-an-llc-for-first-partnership-best-way-to-do-so526244-taking-on-partner-s-and-limiting-our-liabilitesGood luck!

She has not received any documentation to that effect but received a letter from an attorney offering his services to help her through the foreclosure.