After that, there's really no other way to learn, than to get out there and do it.I'm sure a real mentorship (which I'm not convinced you can actually buy) would be a nice comfortable way to get started.. but honestly, the type of person who needs this sort of handholding, might not do well owning a business...

My question is, should I pay-off my primary residence mortgage to 1)Get peace of mind and some sort of security 2)Opportunity to borrow from my equity if needed 3) Extra cashflow to save and invest in another rental property in the future OR should I keep my primary residence mortgage (due to the low interest rate) and purchase another rental property instead?

We have investors with all sorts of backgrounds at our meetup, and all love to talk about their strategies.

I don't know how long it can last though as it is the sort of channel that once to many people start doing the whole channel will become ineffective.

It’s a tactic that can work, especially when both parties understand and agree on the process. the issue is with this sub to  soup de jour your going to get all sorts of fraudsters coming to play and that is just a fact.. once they figure out the angles..

Would love to connect and see what sort of strategies you are looking at and for what areas.

I think that your best bet is to offer the Holder of the Contract for deed some sort of discount if they refinanced out of the contract for deed so you could get your equity, short of that I don't think you have a lot of options.

good points, made the first mistake before and i'm still sorting thru my messages lol

And it's a lot easier to sort floating that monthly interest payment then a near $500k total right. 

Sort of split the difference.2) Offer them moving expenses and/or to return their entire deposit if they decide to move out3) Discount the rent while the renovation as going on since it will surely be an inconvenience