I can attest first hand of how ludicrous the property taxes are-$4500 for a property worth under 100k.

I am very successful in my other job and have achieved this through honesty, integrity and respect for all who I do business with.

If you have achieved financial independence by investing in real estate, congratulations!  

After you get past your fourth loan (for loans 6 through 10), you are going to need to talk to a different type of bank who can assist you in achieving your goals. 

The appraisal and market study forecasted that it would take 18 months to achieve stabilized lease-up, which was considered to be somewhere around 80% occupancy. 

I'm not sold on the idea of trading my time for money until the day I die, so I'm pursuing buy and hold rentals as a means of achieving financial independence.

First I should say that I'm not an attorney, and secondly that I have no first-hand experience with any case law directly on point. 

@Billy L. and several others have asked me why I like the Stockton market, so I figured I'd share my perspective on the market and an example of how I achieve a 13% cash on cash return.

I know this will be a lot of work for many reasons but will do my best to achieve it within 10 years.I look forward to reading all the tips people give and taking in whatever research I can.

or bad (if you bought those SFH at the peak in a sub-market like so many cities in the US today, you're underwater still).Not to say you can't achieve diversification with RE as well (i.e buy a REIT); to me, for pure income / cash flow, that's my preferred direction (buy a REIT; I get good diversification, it's property managed, I don't have to worry about maintenance or repairs or whatever else; just a solid cash flow / income stream in the asset class (apartments, shopping malls, whatever else) that I choose).For appreciation though, I think of RE like picking individual stocks or a business to buy; if you have the time, the skills, and the patience - you can make outsized gains compared to the overall market.