I would argue those owners are screwed because of their laziness and business ineptitude. 

Cons: This will take a big of time to manage and find either the tenant or property manager and it is increasing your debt (which I could argue is a good thing).3) Pros: You will still have two houses at the end and you will start making the home equity line work to make you money as well.

Submeter the hot line that comes from the tankless if you can.I could argue against any one of these statements under some specific scenarios, but I'll claim that the above is where people should start from, then tweak as needed. 

I am not arguing leverage vs debt, leverage wins everytime hands down, no argument here, I own a calculator, pencil and paper.  

They have multiple "as is" offers within a couple daysHere is an example:Wholesaler pays $60,000 with 0% fees and resells to a flipper for $80,000, so net seller is $60,000MLS with Realtor sells for $80,000 directly to a flipper with 6% commission, so net seller is $75,200 Scenario #3: Seller sells $80,000 house to me for $80,000, nets $80,000.You can't argue the logic, so you just claim that you pay the same price someone could sell for on the MLS?

I think you are arguing academics at this point.  

A lot of people will argue the increased risk of losing money from inexperience in this endeavor - while this may be true, I am not clear how paying at or above retail on a property mitigates the loss of revenue from inexperience, as you absolutely can not put a price on experience.    

There are enough details to argue for weeks on this I'm sure but thats not my intent.

The ultra socialists will argue everyone should have granite countertops as a matter of right, while the opposite side will say that kitchens aren't even necessary.

He hides behind "just one more degree" (he has 3) and tends bar for spending money.In the past I would offer family suggestions on making money - start X business, study programming, talk to this friend at ABC Corp.