If you don't mind, just email me at [email protected], in regards to the SAFE Act, I don't think anybody knows exactly what will happen in terms of consequences for breaking the act or how to be SAFE compliant for the small investor.Keep in mind that there is always going to be a market for selling property on terms, especially mobile homes, but the specific strategy may need to be altered to be compliant.I know that this is quite contrary to many of you, but I'm going to keep doing what I'm doing until my slap on the wrist comes or more information comes out about being SAFE compliant and at that point, I will adapt.

So in that regard, I suppose I'd be in second position in terms of sales agreements - a backup offer if you will.

in terms of lessons learnedLOL - Ned

I'm not familiar with marketing books specifically, but I absolutely love to read and it's awesome to hear that your 15 year old is asking for such information.I agree with "Think and Grow Rich" as well as "Rich Dad..." in terms of thinking big.

I think goals such as "x number of properties in x amount of time" can be dangerous- I prefer thinking in terms of how much cash flow I want to be generating per month.

I know that scenario is not accurate in terms of a true estimate of cash flow, I just wanted to keep it simple to exemplify the staunch difference between all cash and leveraged cash, I apologize.I guess my real question is how to approach private lenders/investors I know and sell them on the idea of lending money, secured by a property of course, at a lower rate than I would get from a hard money lender and at more favorable terms regarding the loan length.

The number look fantastic on paper, but the reality of the market in terms of economics, infrastructure, demographics, etc are far from being in your favor.

I think we are in a once-in-a-lifetime opportunity to buy RE at historic lows in terms of the face value of the asset and the interest rates.

@Derek CarrollI also don't really think in terms of the 50% rule because there are so many other factors involved.

It will also depend upon what you bring to the table in terms of experience, trainability, and how much time you plan to dedicate.