The higher your income (assuming you don't take on mountains of student loan debt) the faster you will be able to build that portfolio.

You can close with an attorney and no title insurance, cheaper and faster, but more risk.For submitting offers, I suggest attorney or real estate agent (charges 3% of gross sale price).

You could certainly get there even faster, but that will depend on your ability to attract OPM.I don't think you need to pay off 100% of your debt prior to investing.

@Audrey MoorePMI is one reason but there are several others; pay off your home faster, likely get a lower interest rate, a better chance at getting a mortgage, make smaller monthly payments, you will also look like a stronger buyer to sellers.

Note I hid the boring accumulation months but you can see that the interval between purchases gets much faster at the end where you are growing your monthly cashflow $500 every 7 months.Summary:  In Milwaukee after 10 years you have 12k a month in Cashflow.  

If you project manager it right and the modular company is not swamped with work it should take you 3-4 months to go from basic land to installed and buttoned up duplex ready to rent.Rent out the units except for 1, make sure you find out what people like, what they wish they had and see if it is cost effective not to design the stuff that would make them rent faster and or for more into future units.Now post all over that you have rentals coming on the market, show off that empty one (maybe stage it) and use it in marketing.State in the marketing and let those looking know that the new units will be ready in 3-4 months (depending on a viable build schedule).

Alot faster and easier to do, just have to put in the address and boom.We have access to it, but I have never used it.

It has it's benefits (usually easier to deal with than a bank, faster, can provide rehab funds) and it's disadvantages (higher interest rate/points).

@Jonathan Greene The faster you handle the repairs, the less costly it will be, and Avoid ignoring the issues because that could lead to higher expenses. 

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