I’m reaching out to this knowledgeable community for some guidance as my partner and I embark on our real estate investment journey.Our Situation:Partnership: We are a partnership of two individuals.Current Income: Both of us have W-2 income, which we carry a tax burden.Goals: Our primary goal is to replace our W-2 income within the next 5 years through strategic real estate investments.

And i would then take those seller carry backs and hypothecate them with my bank at 50% of UPB and use the cash to go buy more timber or Timber lands.. 

Quote from @Jay HinrichsI carry trash bags in my car and every time I visit a job site or meet one of my clients there, they get handed one too. 

In my opinion though, based on the volume of free, up to date education, resources, number, variety and vetting of teams, and coaching support, Real Wealth Network is the gold standard.

Or course there is always a deal out there and people can still be successful in this environment but the days of finding a property on mls and having it turn to gold are over.

"I am not a good lender for this program, you should go to..." or "that seller carry on a residential transaction is not actually possible in the lending landscape of today" etc).3) Better rate, wrong program. 

You should also add 1-2 months of lost rents due to repair time and marketing to find a new tenant, and your carrying costs (prop taxes, insurance, utilities, mortgage, etc.) to this amount.How many months will it take you to recoup that amount via the higher rent amount versus whatever increase the current tenants agree to ($1150 - $825?)?

You would want to avoid a DSCR refinance right now for cash-out as those loan programs will carry prepayment penalties - refinancing post-rehab to get your equity back out of the property (based on improved value) would leave you paying an extra prepay penalty. 

Looking forward to seeing other gold nugget replies. 

What are some realistic numbers on upfront $$, creative financing, carrying costs, etc?