Okay late night update:Numbers still workGot the HVAC cost way downGot the Roofing cost way downgot the potential framing numbers inline found several supply houses to get products interior products at a reduced costFound enough 1" hex tiles at Habitat for Humanity to do one of the bathroom floors for a 85% discount!

I've known a couple of these investor/realtors in the past that have sold me properties, and in a couple cases I have watched these guys liquidate their own holdings as old age approached...their properties tended to be sold in bulk at very fair prices.

The idea is to pay them all off in a few years then start buying more with cash.If you always buy more and never reduce debt then any economic downturn becomes very stressful.  

I know there are opportunities to reduce down payments from time to time but let's assume my purchases are "traditional".

@Rebecca Peters Robert M.People consider refinancing debt for a variety of reasons, but potential saving through reduced monthly payments is certainly one of the more common reasons.

I read that if the AGI is above 150k then the loss allowance is reduced to zero, does that mean I have to pay the marginal tax rate on the trust deed income no matter what my losses are on rental?

So for those of you reading and not participating here is the mistake I made I encourage you not to...Mistake #1I assumed that my bank offered FHA loans so I went online and filled out the application to see what I could be approved for and after they put a hard credit inquiry on my credit report I found out they don't offer FHA loans.Can only assume I will make many more mistakes along the way, thank god for BiggerPockets to help reduce them!

Either way we look to get the bulk of the funding required to stabilize the building from one of these people.3.  

The investor buyer wants the tenant and locks out so they can asses damage to the property and reduce the price to compensate.

Moving some retained earnings into residential real estate to smooth the income stream and, in may case, reduce personal travel, was what motivated me to start investing in real estate as well.Therefore, my plan at the moment is to take the money I'm making from my business and throw most of it into income-generating property.