... etc.See, when you purchase an asset like that, you MUST have a vision, a business plan, and an execution plan.

But I have no doubt I will succeed - I'm a hungry millennial and a natural overachiever ;) As an executive at a large financial institution, I make a very good income and I plan to save a good chunk before buying my first MFH property (or 2nd property I suppose).

Purchase price: $405,000 Cash invested: $20,000 I'm an owner occupancy in a duplex close to my executive job at a nationally ranked marketing agency.

Without fail I will get a call a few times a year at least from some newbie account executive for them trying to tout how great they are and sign you up for some ridiculous 1 year or longer contract at super high rates.

Had 4 hours to pull together cash in order to execute on the deal.

This was a fairly difficult plan to execute.

You can be very successful doing it too...and your 3 year timeline can be achieved, depending on the market you invest in.Now, in order to actually execute this, what you need to learn is the following: 1 - How to analyze Markets to find the Micro-Markets to invest in for your flips and/or your holds.2 - How Money Works, and how to use (not spend) it to maximize its efficiency.3 - How to design the actual Plan of how to execute this.4 - How to apply numbers 1 - 3 above together as one system, where none of the 3 knowledge bases listed here are left out. 

The main vehicle to pull equity out of an investment property are through a cash out refinance.Next, I didn't follow all the steps you listed but I'd be extra careful about executing any strategy where at any point, success depends on closing your financing.  

Execute on that and they'll gladly come along for subsequent deals.

Satisfaction and release of Deed of Trust executed by Marie Sutton, a single person, to trustee forTransamerica Financial Services, a California Corporation, recorded November 4, 1996 in Book 10992 page345, to secure $31,003.39 and any other amounts payable under the terms thereof.