I will support my family on the $40k/yr and the rest will go into paying off my rental properties which some of you will disagree with but I have done the numbers and evaluated my own risk tolerances with loans for rentals and decided for my family paying off the ones we have is the best course of action.SO..

You don't want to get stuck adhering to terms that don't fit with your goals just because the previous owner put them in place!

Of course in some areas half the city is in a flood plane, so part of this depends on location.I would check to make sure it is really in a flood plane.

I'll send you PM and we can figure out if we'd be a good fit to work together. 

Of course you can still work 2,3,4 jobs but it shouldn't stop you from starting.

You've got to run the numbers and I'm sure you can find the right investment to fit your strategy. 

I figured – I love real estate and construction and I am good at math and management so why not use my skills to build up passive income rather than working till I’m 60.But personally I spend the bulk of my time putting together the financing with local individuals looking to make a better return on their money than the stock market can give and to partner with on some large properties, So, of course I gotta ask, you don’t know anyone looking to diversify into real estate, do you?

So when I read threads on here where people are talking about finding good hard money lenders, they always talk about interviewing the lender themselves, just as the lender wants to interview them to see if they are a good fit. 

So when I read threads on here where people are talking about finding good hard money lenders, they always talk about interviewing the lender themselves, just as the lender wants to interview them to see if they are a good fit.

Of course, especially while having a regular 9-5 to get up and go to every day but I was committed and I still am to my goal of creating a rental portfolio that can help me eventually achieve financial freedom.