Is there any way to use the profits as regular income to live off of or will it act as a normal retirement account and I can't truly use the money until 60?

$25 monthly pet fee in addition to the regular rent for no more than one dog.No cats allowed.

There is a great group of people that regularly attend and I am sure you will get some questions about the Columbus market so you will fit right in.

Further, I make very little money on my regular job, so my debt to income ratio disqualifies me for conventional financing.

So all the properties wash out to roughly the same profitability.Note that I don't want to purchase properties that require any rehab first, because all that does is increase my investment, decrease my leverage, and therefore decrease my cash-on-cash and ROI.SO NOW I CONSIDER OTHER FINANCING.  

In this process I keep investors from out of town posted on developments however regularly they want them. 

This will drastically mitigate your risk, while also allowing you to diversify across multiple properties, as well as having a regular stream of selling and buying cycles.

From what I can determine, these folks are working a regular job with personal houses, families, etc. and aren't rolling in dough.So BP, how do these individuals do this?

Yes you put money in pre-tax and pay back with after tax funds, but the money you take out is pre-tax so it ends up being a wash.

Was he told to by someone?