Now you're in a position to successfully invest their money and get the bank loans to buy even bigger properties.Now, recall I wrote that these investors are equity investors.

I think once that has been completed, I am back in the position of having options as to my potential exit strategies.

(you have 20k in equity from downpayment and it is generating positive cash so he could just wait until the positive cash is enough to pay you the other 6k).That is like me asking you to put down the 20k and get the property up and running.

Positive cash flow on your own home is sweet!

I don't necessarily have the funds needed to secure even a cheap house but I have a pretty keen intellect, and I know there are options for folks in the same position as me.My real estate agent keeps stating she needs a pre-approval letter, then I have to fill out a bunch of paperwork and basically I'm obligating myself to buy.

If you're an insider, especially from the beginning, you're an integral part of the plan.So, your best position is the guy who everyone sees as the solution guy, who has the money, hires the attorney, calls the shots, etc.I do not have control issues (as long as people do things my way on my timeline, etc.).

:) I wanted to get a feel for the home, the tenant's desire to stay, and also the tenant's take on her current landlord-- which wasn't positive.

Glad to hear that someone is having a positive experience with turnkeys.

I think its worth noting how " the rich" get rich innovation , creating employment, productivity and adding value i believe are great ways to create wealth while also positively influencing the community.

I've heard similar accounts from other military friends that own property in Colorado Springs, they're seeing the positive effects of the strong market.