Not a high cost of debt/capital at all, so we are not concerned about the balloon payment.Regarding long term goals, we plan on building slow and steady over the next 10 years, but then have them all paid off within about 20 years for retirement income from the rentals.

@Zeliang Zheng I don’t know how many units you are looking to get into but I’ve got an 8 unit building and a 5 unit building that have given me plenty of confidence to go larger when I find the funding.

We are purchasing a 6 unit Apartment building in a small central Texas town. 

A 24-month loan would be preferred so you can build up the last 12 months of cash flow for the property. 

Looking into single family houses or multifamily, as there is an actual land that you own and potentially build ADU/DADU in the foreseeable future.

I now want to look into "flipping" new construction or spec home building.

"Old" ones are with the previous theory of build 3em to last and to be repairable.     

Utah is a sure bet on equity build, not so much cash flow however. 

Building a real estate business that way is a house of cards (pun intended). 

If you're the kind of person that needs hard math and graphing to understand things, this is completely the book you need on building wealth through duplex living.If your wife is behind you in this idea, and can see it as a move to financial independence, congratulations, you're in the small minority, as I am.