Then you contact the homeowner, work out a quick cash payment for a QCD deal, pay off the HOA to stop foreclosure, and then you can rent out the property for years for pure profit without ever having to pay the original mortgage.

May sound like a dumb question, but the last thing i want to do is over estimate and get into something based purely off of excitement.

A large percentage of those posters do not know, what they do not know, and are operating in pure bliss.

I often break it down into the "five pillars" of protecting your assets.1st pillar is avoiding unnecessary and risky activities (don't drink and drive, insurance generally won’t cover your poor decisions) and take good care of your investments - these simple steps will help you prevent lawsuits before they even occur.2nd pillar is a good insurance policy as that cover the majority of your exposure.

Let me know if you’d like to connect and a drink or lunch is on me!

I currently live in California but plan on making a trip out to Atlanta in a few weeks, and I would appreciate meeting up with any of the following:fellow rental property investorsreal estate agentsmortgage brokers or lendersproperty managersIf you are one of those people and would like to meet up for a drink or something, I'm buying!

Also, Do you think its smart to purely purchase a property to Air Bnb?

We don’t party, smoke, drink, or do drugs, and our biggest addiction is watching Gomer Pyle with our Son.

Hey Jay,I'm using the CUMPRINC( ) function in Excel that will calculate the accrued equity based on the rates/terms of a fully amortized loan.I'm not sure what your formula is calculating, but as best I can tell, it's just pure coincidence that it's anywhere close to the true number.  :-)

One as a pure rental and one as a primary-house hack style.I am trying to become more digital with my record keeping for the two properties and everything that comes with them.