I see no redeeming value of this approach. 

Wholesaling is a different approach and is full time endeavor and is really designed to replace your income versus buying and holding is building long term wealth.Challenges with flipping on its own is it can be hard to find good enough deals to get in and get out in less than a few months and if you do that you get killed in taxes and closing costs.

Obviously if you are fine with the income generated from the houses you own then being paid off is probably the better approach.

I have startup capital at my disposal (low 6 figures) and a practical approach to purchasing and selling.

That seems like a good route to take as you and Jaysen are recommending the same approach.  

I hate to burst your bubble, but...fair warning, I'm approaching you with a very sharp object.1 - Your priorities are skewed2 - Setting an ultimatum of "6 months" to get your first deal, can only lead to trouble...and result in you taking the best deal (even if it's a bad deal) you come across during that time period in order to make your "deadline". 

I have noted the upcoming Apr 25 meetup.Westchester MF are often closer to $500k and carrying costs are higher than CT due to higher taxes.We saw a short sale in Verplanck that MIGHT fit the need, but after much deliberation we passed since we had a harder time seeing us living that property (though the numbers were compelling).We are taking a very disciplined approach towards this acquisition. 

Just moved to Philly and don't have an income.I have a friend who is a part time agent feeding me leads.Not sure how to approach this.

It's actually a gold mine because you have much more control over your buildings and the residents in it and the Vacancy Rates are held incredibly low because rent-regulated apts are basically removed from the available housing stock, lowering the supply of apts, as well as other factors including AirBnB.I have also seen abuse go both ways where Landlords purposely harass tenants.

Hey Everyone,I was approached with a Quadruplex opportunity in the Baltimore area by a listing agent.