I just hope rates are higher in about ten yrs.

For instance, if a friend gave me 20,000 for a down payment and we both agreed he would get 6% for 5 yrs and then at 5yrs he would get the 20,000 back, is this considered silent second?

(for some reason, Harvard and news outlets cant make up their mind if my age bracket falls into generation Y or the millennial, im 30 yrs old)But I have some additional reasons as why I didn't and still haven't made the leap to home and investment ownership. 

After the first few successes, he was on board ( we started buying rentals at 23 yrs old). 

And this ultimately hurting the end customer.I closed an FHA purchase last Friday and here are the stats:Short sale 4.1 yrs agoNot a US citizen and here on a work permitFHA loan that I closed in 22 days including weekends.I can't stress enought that you need a loan officer that will structure your deals correct the first time. 

My tenant has been in there for 5 yrs with no rent increase.

It took me a 1.5 yrs to do this. 2) how are you going to qualify for FHA mortgage number two while having mortgage 1?

The hot water heater was replaced about 10 yrs ago now.Is this an item you all at Bp would think best to just change every 10 yrs or so VS getting the call at 2 am that it exploded and destroyed everything the night before you fly out to an all inclusiveResort in Cancun for your 10 yr anniversary to your smokin hot wifeThanks BP you are the best.

To top it off I have been in my current home for 10 yrs, love it too, and enjoy my neighbors.

I'm a carpenter of 30 yrs. so my spin will be a bit different.