Does anyone have first hand experience with this?

He has his hands in a lot of different things and made all of his initial money off his contracting business.

Yes, reading is great to learn about specific technics, but hands-on application when running alongside guys that are doing it day in and day out is far superior.

I shook his hand introduced myself, gave him my card and then asked him to call if there were questions or concerns.

Investment Info:Other buy & hold investment.

On the other hand, saving for the second rental property allows you to avoid additional debt but may take longer.

Many of which I currently hold in my portfolio. 

The low interest rate on the property has been holding me back from refinancing but a great opportunity has come up and I want to move the equity to the new project.

Network, drive around, cold call houses you think might be good fits, network some more, go to meetups, do some deals (even if they aren't home runs) so folks know you're a serious investor.You'll start finding a handful of deals that way.

For example ex-convicts people who have felony convictions people who are easier to hold their home over their heads I understand that this is an extreme to have the landlord like this.