I dont pay their large fat check commissions to simply get quotes and contracts, they need to give me knowledge and make me understand legal and coverage consequences.

So we started small simply by buying our next home and keeping our first one and renting it out.We are fortunate that I have a background in property maintenance and my wife has a business background so we are able to manage the property ourselves with a good attorney in the beginning to make sure our lease was good and we used a tenant screening service, sure we made a few small mistakes here and there but we fixed them and stayed the course.

The borrower can simply refinance the loan or sell the property.  

Below, are three of the most popular niches that you might want to explore to see which one grabs your interest.https://www.biggerpockets.com/renewsblog/2015/01/31/ultimate-beginners-guide-real-estate-wholesaling-2/ (Ultimate beginners guide to wholesaling)http://www.biggerpockets.com/renewsblog/2014/01/07/flipping-houses/ (step by step guide to flips)http://www.biggerpockets.com/renewsblog/2013/02/22/buying-rental-property/ (how to buy a rental property)Additionally, in the interim, simply bone up on the areas that you need to expand knowledge in such as, Forums, Marketplace, Learn, Network, Analyze and Resources.Continue to feast on the Podcasts, #askbp Podcasts, blogs and webinars Lastly, this site thrives on interactions and as such we encourage two wayexchanges and look forward to educational, thought provoking ideasrelevant to REI.

There are likely quite a few others out there that missed this warning in their alert as it simply blends in with the rest of the text.

I simply had to ask how they afforded this lifestyle; how could they pack up the whole family and travel for 11 months?

I know of many homes that are booked 100% of the year in small backwater towns, 30 minutes away from everything simply because it has 9 bedrooms and almost as many bathrooms.

1:Without knowing the details, I would probably choose to simply get a HELOC on the new property as soon as possible.  

The reason is simply supply and demand ... if there an abundance of high paying jobs and it is generally a desirable place to live, then many wealthy people will pay a premium to live there, and they will generally prefer to live there long term and favor owning over renting ... this is reflected in the market pricing. 

Regardless of what they think, we probably simply need to look at our local economy to decide how things will turn out.