Hello Everyone,I read Rich Dad, Poor Dad, and it totally changed my life!

But this ultimately depends on you and your investors criteria.On the other hand, you can have a private money lender provide you a loan for a portion, or the total purchase price of the property.

Depending on where in Calhoun County 2 acres is worth somewhere between $2,000 and MAYBE $10,000 total.

Records show that it was purchased for around $25k and after a total rehab on all of them, all are now rented at $125 per week.

I’m looking to get to a total of 20-25 units this year.

Sounds like you might be in too deep, but maybe it's not quite time to throw in the towel just yet.You hired your inspector to tell you everything about the property - and just keep in mind that the inspection report is going to look like a total bloodbath. 

If the work is not 100% complete by the end of the Escrow period, extension may implement a .50% (on total loan balance) extension fee that will cover an additional construction term of 60 days.

I'm totally new to Real Estate investing, but my goal here is to learn as I go and get to know some like minded people on the same path.My goal right now is to learn how to analyze a deal.

I put $20,000 in repairs into the  property  and I rent it for a total of $1550 a month.  

But I met thousands of folks from all walks of life and I'll bet less than 20% were totally self sufficient on passive income.