I have a few meetings throughout the week, and god willing a closing on a resale but if we can work something out I would definitely like to chat.

This may make qualifying difficult since your W-2 income will have to support the DTI ratio of both loans.

I admit, one of the turnkey companies I talked with in Memphis mentioned that in order to finance any of the properties they were offering would require significant down payments (30-40%) because the appraisal would not come in high enough to support the 'purchase' price.

He also points out the difference between net worth, good debt and bad debt, and financial wealth - the ability to stop working while money keeps coming in to support you.

I'll chat with @Brandon Turner about it to see what we can do . . .Thanks for listening to the show!

I will be in town then, If you guys want to meet up, or we can do a video chat with my partner.Some areas are better to rent out than others, but these are just from stats we've seen.

If the answer to that question is "nothing" or isn't something significant, I'd suggest that each of you invest in your own (smaller) properties individually and work together to provide moral support for one another and strategic brainstorming sessions.

I am just getting started in REI as well and I have found this community to be amazingly supportive and of course there is a ton of great info.

I've read MANY posts on other sites about how Springfield renters are mainly pot smoking lazy bums that don't care about their living conditions and will likely not pay rent and often damage your property.I invest in multifamily part time and looking for good cash flow to support retirement in 15 years.

Thank you for the chat.