How to Invest in Real Estate by Josh Dorkin and Brandon Turner: If you’re not sure which strategy is right for you, this book gives a broader overview of many strategies to help you choose your own investing adventure. 

It is brilliant for short term to build net worth/ equity but the gamble of losing your *** can be taken out of the equation with proper reserves.

Fortunately, the calculated gamble had paid off.

The Multifamily properties need more than cosmetic work as they were foreclosed for years and winters are unforgiving (unheated building, etc).It has been an adventure.

I would assume so, e.g. you have a $100k home loan, take a $30k refinance out for downpayment on another adventure, now you own $130k. - I also see people tend to use some sort of formula to determine if a rental will be cash flow position, where they factor in repairs, capex, management (i think to do that part myself), etc.

And I want to live a life of wealth and adventure, not cubicals and stress! 

Even if there's a small chance of getting caught, I'm not going to risk 18 months in the clink plus big fines and having my loan called plus ruining my creditworthiness just for a lower rate personally, but I'm not a gambling man."

Not looking for gamble purchases, yet.

I'm proud of you and I wish you the best of luck on your next real estate adventure!

Good luck on your adventures