I'm in the military, so we have dreams of renting this place out when I get transferred, buying a new one, and so on.In my perfect fantasy world, this method could yield me 3-4 nice single family homes by my mid 30s (in 10 yrs), a good passive income stream by my mid 40s (20 yrs), and a solid retirement foundation for 55+.I have a ton of research to do and this site looks awesome.

I spoke to a nice woman at the PA state real estate licensing office over the phone today and she seemed to think it would be as simple as me finishing the course, submitting the paperwork (and fee of course), and finding a PA broker.

Save up that cash and work towards a nice down payment on a multi.

But not a bad rate..If he doesn't want to drop pre-payments and you really want the financing (and you plan on holding), try to negotiate a declining prepayment penalty for the first few years when you expect it will have no impact on you.If he's trying to invest money 30 years at 6% secured by real estate, send him my contact info and I'll give him a nice fat note secured by my CA property and give him pre-payment penalties for the first 10-15 years..

It will be a nice home for the area, but not top of the line.

It is always nice to see another Ct., resident in the forums.

I'm losing the appreciation but it's still a nice return and less of a headache.

Low cost process that yields a nice result, just a regular gray paint works wonders on the floor.

My business partner has a nice salary, but terrible credit.

There is a nice contingent of members from Rochester on here that are willing to help out so ask your questions in the forums and many of us will pick up on them with our keyword alerts.Also check out FFREIA if you are interested in meeting other members in the Rochester area as most of us attend those meetings.