I am looking to put together a portfolio over the next 10 years that produces good income and allows me to pursue real estate or other business opportunities and leave the corporate world at the age of 45.My biggest concerns are regarding using debt to grow the business.

Down side is that the seller is on that note, so any late payment goes to your credit....there are safeguards to keep this from happening to a point.Your attorney can explain it and probably won't be nuts about it as it does violate the due on sale clause in your mortgage.Another way is for the two of you to form an LLC, refinance the place between both of you, then sell your interest out of the company.

Our biggest problem with short sales is that they take forever.

One downside to money orders is I've had tenants say they mailed them and I never received it.

Seriously, unless you're buying a large, working farm, the biggest, fanciest house in the county wouldn't sell for more than $250,000.

Was your biggest factor when searching for the property location?

The down side is that they will require larger borrower equity stakes in the properties (ie lower LTV of 65%-70%).

My biggest concern is that by the time I have 20% down for an $800k multi-family, it will be a $1.2M multi-family.

What are your biggest frustrations when it comes to the real estate investing process?

What are your biggest frustrations when it comes to the real estate investing process?