My objective is to purchase a four-plex (that's generating $100/mth per unit) the first year and then a single family unit the following year and continue this cycle for next eight years.

I pay for a domain name and generate my own email accounts.I also use yahoo mail and gmail but they are not very good sending large files.

As he pointed out seller generated contracts are usually trash, injecting prepayment penalties, limiting the use of property rights (even as granted under a lease) and more often that not clearly predatory.Trying to buy a CFD isn't for the faint of heart or the average note buyer. :)

You can then contribute up to 20% of profit theoretically generating a loss.

This will generate a $120,000 tax free income for the rest of my life.

The old money is not generating any returns at the moment.

I am a mechanical engineer by trade and want to generate alternative cash streams.  

If this process is less than worth it, what recommendations do you have to help me generate the capital needed to get my first flip under my belt?

For example, I pay $2,500 for 1/3 of 1 medium sized zip code (so that one average zip code is generating around $7,500/year).Therefore, if Realtors go away, they lose almost all of their revenue and their free access to highly accurate listing data.Will their be disruption over the next 10 years - absolutely.

@Bhavna Chopra Honestly with a budget like 500k you should buy a small apartment building 20+ units out of state somewhere or invest in 10 50k properties that would together generate a large monthly cash flow that you can use later on the fund more deals.