Although I love his work and follow many of his teachings, I find this to be an extreme path to follow, and for my high Student Loan brethren, suggest an approach similar to that of Scott, with a minor adjustment:1) Pay off the credit card debt (anything with a revolving balance), continue paying vehicle loans and student debt,2) Pay off vehicle loans (and never get another one, ever), continue to pay student debt,3) Invest in real estate using mortgage as leverage, as an alternative to traditional retirement investing (401K / IRA, so lower those investments at work, just to enough to get your employer's 401K match if offered which is free money)4) Continue to pay down the Student Loan Debt aggressively.Paying off # 1 and # 2 will free up some cash for investing, and once investing (via a House Hack, I suggest initially, so you should be able to reduce your housing expense and recapture more money to pay student loan debt).  

Should have dropped out of college and invested in a $2,000 per year IRA guaranteed at 20% interest.

Despite living the "Rich Dad" life, we manage to save in excess of 30% (between 529s, 401Ks, IRAs, ESPPs, and company stock) for the past ~10 years with my wife as a stay at home mom (the tougher job).I work for a great company and generally find fulfillment with my "9-5" but I still have the real estate itch that I have yet to scratch.

I have a TSP (very low amount), and a roth IRA with 18K.

Transfer funds from my Vanguard Roth IRA to the self-directed IRA account (add some reserves for incidentals)4.

If they earn income this way, we can start Roth IRAs for them.

Basically, you max your Traditional IRA (a nondeductible contribution) and then immediately convert that to a Roth IRA.

For example, you can get a Line-of-Credit and perhaps try that approach, or use your Self-Directed IRA, or just finance it with PURE CASH which can be money from your own personal sources.I hope this helps you and answers your questions.

Repeat.For folks with IRAs, I assume a monthly income of 6% is pretty strong in comparison to the bond market today.  

Since I hold these in my IRA (which is low on funds after this years tax payments) I'm trying to figure out the most cost effect way to do it as attorneys want $2200 and up for each property.