They reinvest the proceeds into an income producing vehicle and receive the interest income from it.

He has full confidence that he'll come out ahead.

That said, you will probably need to get your financing together ahead of time.

However, its always a good idea to have money lined up ahead of time as you will run across deals where you have to move on it then or lose it.

So go ahead and get a mortgage: Your house’s value will be unaffected.That’s why owning your home outright is like having money buried under a mattress.

You're a few steps ahead, it seems!

So I would like to get a head start on marketing this

My wife and I began investing in Real Estate in 2011 as a retirement vehicle to supplement our 401K's, SS, and her pension (honestly we are not relying on SS).

All of that building combined with the ramped up SFR construction seems a little bit ahead of itself.

We do full background checks otherwise and put more stock in job history, personal references and the length they have known them and, believe it or not, the condition of the inside of their vehicles.