It’s a matter of time is why I’m asking I don’t want to lose out on the house because I can’t show rental income yet for the first house.

JD Martin - agreed, you'd have to for any post-rental repairs.And yes, I can see how that would be a really great strategy if you were marketing to investors especially.Do you see any potential tax pitfalls where the IRS could still find you doing business as a ‘dealer’ versus ‘investor’ and you lose the tax preferential status?

So, if you are going to invest there, I think it best to NOT assume it will continue to boom as it has over the short term, make sure the deal makes sense today, and has some extra "insulation" to cushion you in case it goes bust so that you are not forced to sell or lose the property then.

The Class A neighborhoods are losing value because of the new construction epidemic.

By paying off your mortgage you are losing 7 - 11 percent return on your money.

When you pay it off early (or minimize your leverage) you lose this benefit and your returns go down. 

I've considered wholesaling and lease options but I'm fearful that I will end up losing money and slowing down my savings.

Because I just can't let them lose money.

I still have the 'buy bug' and am afraid I'll never lose it, but it is soooo nice having equity and not looking under rocks for the next deal anymore!  

@Kim Meredith HamptonFor the clawback part of the agreement what are good ways for the seller to feel comfortable with you and that you won’t be a bad manger and lose the contracts because of your service.