But these are friends and family that took a gamble with me on my venture so I feel wrong to increase my rate.

Real Estate, like any business, is a journey of learning, exploring and doing.One of the many important thoughts to understand in order to succeed is: Don't walk your crazy, awesome adventure alone.

``````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````People that are behind on payments and PITI is more than market rent and have no equity is a real bad gamble.

I have a TON of life responsibilities outside my real estate adventures and so if I were to manage all the subs myself, it would severely limit my speed and volume.

I guess I am just not as adventurous as other real estate investors, I just like predictable, consistent and steady returns.

Great question Christian and you came to the right site before embarking on that 50K adventure.  

I wish you luck in Ur adventures and search...

Buying 3 or 4 houses a year to get to your goal is great if you have the cash reserves and experience to renovate and manage, otherwise your first trashing of a property, bad rental period, and they happen, will end your adventure and add some time to your planned work life.Be cautious.

Chalk this one up as a "win" from a knowledge perspective, and move on to better cash flow opportunities (unless I'm missing something on the appreciation side...but I would caution there is a fine line between appreciation investing and gambling!).

Being employed full-time at a 9 to 5 job will allow me to step into this adventure, although my goal is to eventually jump into this being my main focus.