If someone doesn't have a 'real' job and doesn't have enough rental property to handle that full time, then do a few flips to supplement your income and take up some extra timeandy

If it's you then you need to take extra out of your monthly income cash flow to account for that, I believe they say to expect 50%.These numbers you're giving, are they minus things like insurance, etc?

It is amazing how just that one extra unit will make this a cash cow for us.

The terms that you agree upon are obviously negotiable, but if you're willing to take a small piece of the profit in exchange for sharing your knowledge and guiding someone through the rehab process, that may be a way for you to build your cash reserves.If you take a big picture view and are able to use what you have (knowledge) to help others be successful, you'll be able to get what you want (extra income).I think you'll find that if you take this approach, you'll be in a buying position quite quickly.Best of luck!

So the "living in place" or however it is called phrase for seniors staying in their primary residences . . . they really just don't want the extra sq footage to, simply, worry about.

She has two small dogs and pays $10 extra per month per dog for them as per the lease with the previous landlord (we bought the house in April).

They will (and lenders will) look at the purchase price, costs of materials, hard costs of labor and permits etc. and allow no more than about 20% as a contractor fee/investor profit in shorter term refis.I agree with Jerry, make sure you can get the take out loan before you take any HML money, that or that you can sell it quickly. :)

Add 4k per month of my own money to the payments.As you can see each property gets paid of at an increasing rate.MY QUESTION: Will paying off other debt and using the extra money for investing slow my progress or speed it up?

Make the end buyer feel as though if he screws you over, he may make an extra $20k but he'll lose ALOT more because 1) the pipeline of great deals you were going to plug him into just closed and 2) you know enough serious wholesalers out there that once he rips you off, all other wholesalers will know he's a crook as well.Again it's more of an 'attitude' than it is a 'legal' thing.

But, make sure you qualify for the conventional financing first, and have the extra money to do the repairs.