I worked with him until he fired with the notion of once I get my degree ( in accounting) he would higher me again.  

Of course the notion of investing and landlording from afar feels a bit daunting to a newbie like me, but also doable with the right approach (right??). 

That is also based on the notion they never refinanced and reset the clock on the amortization.

I'm not claiming that the federal government isn't involved in our economy (far from it), but the notion that the federal government directly sets interest rates that consumers see needs to be addressed whenever I see it. :) I predict day-to-day interest rate changes based on what the radio says Wall Street is doing when I'm on the way to work, not based on what the chairwoman of the Fed is up to.The government sets the funding fee and monthly mortgage insurance rate for government loans such as VA, FHA, and USDA because it's essentially a government sponsored insurance program (think: Medicare), but not the actual note rate.

If you're not willing to do the work you should try something else.If you really are interested in doing it I would second the notion of listening to all of the Multi-family podcasts out there.

The notion of pulling out some money while still retaining the property seemed like a good idea.

Obviously the balance loaned is not.The notion of "paying yourself interest" is a fallacy.

Have also heard that people pay for these mentors/coaches - which is different than the notion of mentors in other aspects of life.

Not sure if it was Rich dad or another book but the was notion that to be truly passive there needs to be a strong "System" in place so anyone anywhere can literally do the work the way you want it done.Tarl YarberPodcast 178 - There is a great segment in here regarding lead generation.  

I would like to start putting a few offers out on distressed properties, and it is probably just my pre-conceived notions when looking at the MLS that the prices listed are less negotiable than I think they can be.