There's a good chance that you could fix the property up and its ARV would enable you to have a 25%-30% equity position allowing you to roll the property into a portfolio loan.  

Selling the house will enable you to have a substantial amount of reserves as a sort of solid footing to finance the vacancies for deals just like this one (no job required).Selling with the lease-option or selling outright seems to be the way to go.          

The direction provided in that book will literally enable you to achieve anything you desire, assuming you live long enough. 

A 20 year military career enabled me to buy homes in various locations.  

You're enabling them to sit on their butt.  

With that fixed, the app would be fantastic with:- Easy inbox access- Messaging with push alerts- Marketplace function by market/state (this would be a website improvement as well)- An "email this thread" function that would take the thread you're reading and enable you to email it in its entirety to someone else, or to yourself for saving or future reviewBest wishes!

It will enable you to use and reuse the money as you go along.  

The good part about mentioning you are an investor is that if you make the lender feel you know the game really well, they will treat you like a potential repetitive income source.

This is element #1 of my strategy - leverage an existing track record.During our call, I pitched him on me bringing my skills (general business management and marketing/advertising) to the table in exchange for the opportunity to use them - i.e. he would enable me with his skill set and I would help him to scale, using his track record as a springboard to craft a win/win situation.

Objective is to purchase a an owner occupied 3/2 duplex or triplex, with a 75-80% ARV (for under $325k; financing 80-85% via conventional mortgage via portfolio lender), in South (north of William Canon) or Northwest Hills of Austin, Texas that generates enough rental income to pay my mortgage, taxes, and expenses enabling me to live rent free for a year and then cash flows positive the year following (so I can purchase my next property).