I recently read David Greene's book Long Distance Real Estate Investing and was amazed by all the concepts and strategies it was filled with.

You save money on interest, but if you pay off your properties/debts early, you will always save money on interest.The whole concept seems overly complicated to me - especially for people who are just starting to get a handle on their finances.

No idea of the need for it in Richmond, but it seems like a great concept.  

Once I've gained knowledge of overall management, price optimization, systems for high turn over and overall understanding of this "niche" part of real estate; I want to scale the concept to other properties and also manage other short term rentals.

Another concept I saw on the forums was from another flipper who said “new but not updated” so for example a new countertop (Formica) but not quartz.

So far my concept is to use equity gained in properties I buy to buy more, is this the right way to do that?

@Justin Kushner  I like the LLC concept for property investments with family members because, among other things, it forces us all to write out our expectations and agreements. 

I am sure your experience and proven concepts allow you to sit and wait with confidence. 

As many people before me, I listened to Rich Dad Poor Dad while driving and loved the concept.

I saw this add for the said above way to get in REI but i am so new to the concept of co-wholesalling that i don't know what to do.