Put the three years I put in after college on construction crews next to the seven years in graduate school getting a PhD in poetry.  

Also try to rent to self-sufficient and "hands on" tenants.

When the 5yr balloon payment is due, will a 5yr positive P/L ratio likely be sufficient to refinance the property?

When the 5yr balloon payment is due, will a 5yr positive P/L ratio likely be sufficient to refinance the property?

My goal is to get my company off and running and turn this into a full time business.I have been studying and learning as much as possible over the past three years and looking to partner with successful REI's.

You may love your current home, but with a couple more good REI moves in the next two or three years, you'll have more income that will allow you to move to another home that you may love even more. 

I have done this on three properties, including the home I live in today.  

I've been with this company for three years but the downside to my job is that my schedule is virtually unpredictable.

I want to jump start this and start dealing with small pools of three to ten NPNs.  

@Jesse ConnersOkay here's the rule of thumbIt cost 10 to 12% of the value of the house to sell w an agentIf you cant get it cheap enough like 70% loan to value it's not a wholesaling dealIf it's 70 to 85% LTV it could be a listing w an agent or sub2 and a note or a wrapGreater than 85% LTV in good condition and in a good school district and neighborhood is either a lease option, subject to, or a wrap acquisitionThe exit for me anyway on these three acquisitions is a lease to own with 3% downBecause the subject to and the wrap has a due on sale clause issue I want the underlying financing paid off as soon as possible meaning one to two yearsIf it is a lease to own acquisition, I generally assign them and get out of it of itI hope that helps