This letter of intent is in no way a legally binding agreement between the Purchaser and the Vendor.Sincerely,XXXXX XXXXXX_____________________________________The above terms are accepted this ___________ Day of _______________, 2007_____________________________________XXXXX XXXXXXPhone: (780)Cell: (780)Fax: (Email:=============================================

.$3100- $1600 = $1500 cash flow.I have another 80k saved up and would like to put about 60k towards my next property (leaving 20k for emergency funds, rehabs, personal fund etc.)I have zero debt (no student loans, no car payment) outside of the HELOC I had to purchase the first property I stated above and most of my living expenses are paid by my employer (car, gas, cell phone).I am based out of Central Pennsylvania and am looking to stay somewhat locally for my first few properties (Harrisburg, Camp Hill, Lancaster, Hershey etc.) and am not really interested in out of state investing.Just looking for some advice or input on what you would do next if you were in my situation,Any input and info would be greatly appreciated, Thanks!

Not one of them has ever said it was a bad decision buying their property I would say all of them would probably say it was the best thing they've ever done.Here's my plan take from it what you will (I wish my parents knew enough to do this).I have two kids and soon as they turn 18 I will have them buy a 4-unit using FHA 3.5% down and a blood relative (me) as a non-occupying co-borrower and source for down payment.

They can be a pain in the *** at times, but they've improved a lot since January when they started.Feel free to give me a call, the number on my tag line is my cell. 

If real estate is truly in your blood I would highly recommend obtaining a sales type position either as a Realtor or as a mortgage broker.  

HouseHacking is in our blood and has been hugely profitably for my family’s financial life.

@David Kim I wouldn’t want to let them know that it’s causing you any heartburn... they will “smell the blood in the water.”Maybe you could counter offer and agree to the reduced rent if they go ahead and lock into a renewal period.

If it's commercial then branding could be another source of revenue just like cell towers, antenna and signage near freeways.

My cell is on here as well. 

I do not have any far fetched dreams that I will become a billionaire overnight, so I do expect lots of blood, sweat, tears along with some trial and error learning as well before I can even relax for a minute.Is there any local area events where I can meet some fellow investors?