You only own one rental and you go five years with absolutely nothing going wrong, all the time earning $100 per month positive cash flow (or so you think).

i will say this...when you do this...and you actually start to see things change - the feeling is absolutely unbelievable.

What I meant was what if the my buyer's agent split his 2.5% commission with me instead of my wife just getting 30% of the 2.5%.....Honestly I don't think a buyer's agent does much anyway (in a RE investment transaction at least, compared to like say a first time home buyer with absolutely no idea about anything real estate).

I have learned an absolute ton of thinks here!

My business provided me a good income, but I had absolutely no retirement and I had to work to keep that money coming in (a lot like a job).

I've NEVER seen a condo where the fees didn't look to me like they were enough to gold plate the exterior every 3 or 4 years so I've never purchased one, even though it would fit into my lifestyle.Instead I pay (on average) $100/month for lawn maintenace and spend a couple of hours, and a couple of bucks a month on other "minor" maintenance and repair items.I'd NEVER do an ARM, there is absolutely NO REASON for a homebuyer to ever do an ARM.

This deal is absolutely insane.

The absolute max I would pay for $2,400 in monthly cashflow would be $120,000 less repairs.

Prior to quit-claiming properties I checked with my lender and they had absolutely no problem with it.

Absolutely way to go!!