I moved onto developing several small land deals, a commercial property, and eventually got into my niche, which is owning multi-family rentals with early retirement as the end objective.

Probably make a good blog for the ones that are pro REI that can see how these principles used by fortune 500 companies apply.

Starting with your pri residence is fine but 100k will get you 2 or 3 nice cash flowing rentals in certain NY towns.The basic principles apply when buying cash flow rentals and if you know what they are you can really buy rentals anywhere in the US.Just remember when buying to always account for Principle, Interest, Taxes, Insurance, Maintenance, Utilities, Management and Vacancies.

Secondly, either you or the Aussies need to learn simple RE and accounting terminologies and principles.

The objective is to get your cash out of the properties using a "cash out refinance" to put your money to work on your next project.After I reread my original post, it wasn't clear to me that I meant for you to get your cash out of the first property to use on the next.

I'm not sure if they'll come poking around and object after I buy it or not.

There's all different ways to invest in real estate so it really depends on what your long term goals and objectives are.

You may want to get permission from attorneys to appoint them as the trustee on your deed of trust or mortgage, most wouldn't object, and there should be no cost there.

Because this depends on the reasonableness of the tenant, there can't be an objective rating.I know that the reasonable tenants would rate me A or B, but then I have tenants that are unreasonable and get mad when I don't keep fixing frozen pipes, because they don't want to turn on the gas heater and instead hole up in the bedroom with a little space heater.I have low income tenants and they may not be unreasonable in general, but because they tend to live paycheck to paycheck it becomes a self-defense mechanism to blame me for things that are their responsibility.

I only spoke to George once before he died and I believe he lived in West Covina.As a military guy you should understand the definition of these terms: goals, objectives, strategy and tactics.When I was young, I was the only child among a group of friends of whom several owned or operated casinos and hotels in Las Vegas.