The question I have is really whether to pay off other debt first or accumulate more because this new debt is actually a money making proposition from the get go.

All your expenses accumulate to form the basis cost of the inventory you purchased to flip, and the basis is subtracted from the sales price whenever the inventory is sold to get the gross profit.

Sometimes I also finance the rehab costs.Then I give them 3-5 months to start paying (BUT interest is accumulating).

My goal is to accumulate enough rental income to live off of. and once the house is "free and clear" in 10 years, the net should be closer to $21,800 a year.

Uwe, yes the new property manager sent photos of most of the issues, and I think they are items that have accumulated over time.

Although I accumulated most of my wealth in a different way in real estate than Nickerson suggests, I still believe that it lays out as clearly as I have ever seen how one can accumulate wealth in real estate investing without doing anything extraordinary - just hitting lots of singles over time.

I have to sell 500,000to work up to 90% I need to earn 173,000...5,000,000 in salesBut this is accumulative.

if you're going to live in the house.I accumulate the money from the rentals.

Most of the darkening I see here is mold/accumulated dirt.

When the thermocouple "opens", no voltage is generated, and no gas goes to the main burner.The pilot tubing just might have some accumulated debris, so as suggested in another post you might want to clean this.