.- If you're dealing with non-professional lenders (people like me who occasionally lend on the side), 6% plus some of the profits is not going to be attractive because I don't know you, I'm unfamiliar with your success, and I'm going to assume that in a typical case, I'll get my 6% but there won't be much in terms of profit to split up.

You are (almost) living the dream life of my younger self - Mine would have included some white water, skiing and SCUBA - but enough of that So lets talk REI - If I were in your (rock climbing) shoes, here is what I would do - Use your 100k to pay cash for your first investment - you should easily be able to find a property to generate the $1,000 / mo with a $100,000 investment - Here in the houston area, we can get about $1,000 with just a bit more than $100,000 --- maybe $110,000 - $120,000  and that looks like a < 10year old home in a great neighborhood - but I'm sure you can get better returns with something less expensive in the midwest - Next I would just continue to enjoy your life and work occasionally while saving a bit of your income for the next purchase --- when you live below your means, it has a tendency to pile up pretty quick -- once you have a few thousand in passive income, you should be a more attractive applicant for financing to to accelerate your acquisition rate - The good news is that you are starting super young and it will be difficult to keep from acquiring a massive portfolio by the time you are at most people's "normal" retirement age-The other option (and less desirable in my opinion - although probably easier in the beginning) is to find someone with a good job/income, but zero money to invest (this forum has them coming out of the woodwork) and partner with them on the purchase --- use part of your $100,000 for down payments on several and keep a bit in reserve for emergencies--Whatever you do, you are way ahead of the masses- Enjoy the lifestyle and Happy Investing,jeff

occasionally that means doing some of the maint. myself.As far as getting into flipping.

Occasionally I’ll talk to someone that thinks they want to do it but they really just want a manager or to not get in the business at all.

That sort of thing has me thinking that the line between hotel and vacation rental will be blurred to the point where governments force vacation rental owners to abide by hotel rules and taxes.

These days, I'm a little bit more strapped for time with my business so I'll occasionally make the general meeting (or send someone from our staff in my place) but I usually switch off between the Chester County subgroup, the Montgomery County subgroup, and sometimes the Delco subgroup.

My gift....... being a good LL and taking care of the property....responding quickly and efficiently to issues that come up.... providing maintenance as needed and occasionally updating or upgrading the unit as I see fit.... that's it.My job is to offer a good, clean, well maintained unit...... not have you "like" me because I bought you a gift.

They don't come along frequently, but you can occasionally find one of the older Holly Springs homes (not in a subdivision, and make sure it is zoned for Wake County schools), that you can buy for under $100K and renovate before renting.

Occasionally, an option to purchase is secured by a DOT or mortgage.A land contract mean that someone else is record title owner and has agreed to sell or transfer property to a buyer (actuall called vendor and buyer is called vendee) with anticipation of satisfying and completing the terms of the agreement and receiving fee title.Better to get a title report now to properly assess the status, pull and review any recorded documents affecting ownership adversely and consult with a qualified attorney if the offending document interfere with you full array of benefits yo ownership.

Real estate investors (and I have occasionally been guilty myself) often add many unnecessary layers of complication to what could be a simple transaction, for reasons of gaining elusive or not existent advantages.