Rich Dad Poor DadRich Dads Cash Flow QuadrantRich Dads Increase your financial IQThe Real Book of Real EstateThe ABC’s of RE InvestingThe ABC’s of PMRich Dad RE Tax AdvantagesThe 10X RuleThe E-MythThe 4 Hour Work WeekBiggerPocketsPodCast -I hear #136 is exceptional!

Contractors are tough to find as Shawn Holsapple said, and I'll only do work for myself (exception roof)Make sure you get on crabby Shawn's list.

@Diane G. re-reading your response above, except for the $900k accountant partner, you really didn't give any details about anyone else making ~$700k as an employee.

To wit: I'm not familiar, I just know that "except for cash out refinances in Texas, where....

Jamie from Sydney Australia I've been keen to get into real estate for years but have let fear hold me back, always thinking trying to pay my own mortgage how can i afford to pay for two.So stumbled across some Bigger pockets vid's on Youtube last month and here i am taking the plunge, ready to learn all i can and help others anyway i can.I'm looking to learn to flip properties and have investment properties, with an end goal to assist hard ship family's with affordable housingMy credentials are, jack of all trades master of two, licensed Carpenter& Joiner and Cabinet Maker, i have the skill set to do 90% of a renovation myself, exceptions being major plumbing and electrical.So i'm ready to absorb all that i canAnyway thanks for your time and i'll catch you on the flip sideJamie

Somehow capital revolves around that 10-15% range with the exception of really high risk....

Low valued SFHs can cash flow, higher value homes can not.Purpose built properties, such as multi plex units are built and designed explicitly for the use as rentals and are priced accordingly (or should be).A personal home is not a investment, it is a life style choice that will ultimately cost more to the owner than it will ever be worth (except in certain areas like CA where no one understands the value of money). 

No gap funding no second lien position no exceptions otherwise you're interest rate is waaay too low.  

Hi- I am looking at a investment property that might be convertible into a 3-4 unit rental property, except the township requires that any additional dwelling requires 2 new parking spaces.So my question- does anyone have experience converting a large yard into a parking lot?  

Like @Jeff B. said, depreciation is a fixed deduction amount, except for probably the first and last years where you would probably use the mid-month convention.I set aside money for income taxes.