I currently am a Power Plant Operator and am saving my extra income to start investing in assets so that my money can make money, instead of 'working' for my money.

@Roger Heiser There is a really good guide to read that discusses HUD pricing:Buying a HUD Home: The Ultimate Investor’s Guide to Getting a Great Deal on a HUD HomeThe article states:HUD gives guidelines for the asset management companies to go by when accepting bids.

I would love to hear any advice for someone who is just starting off (i.e. things I can do now to make myself a valuable enough asset to a seasoned investor so that they might be willing to serve as a mentor, creative ways for me to come up with financing, etc.).

Next, judge your portofolio and additional investments by Capital Asset Pricing Models.

I say that because I see all of those as assets that motivate me to make my real estate investing work!

Property is owned in an LLC (single asset entity, formed just for this deal), LLC is the borrower, property AND my interest in the LLC secure the loan.

But, I knew it would be a task worth taking on.I've seen both my parents pass away with 0 assets.

Hi Shaun,I like long term private money off of credit reports, no PGs, and in land trusts for privacy so I do not own anything when lawyers check (lol)Cmon, do an asset search, I dare you!

That's assuming you, as owner, are paying heat which is pretty typical here in this neck of the woods.You should calculate your actual cap rate based on actual expenses and using a realistic income figure for your owner occupied unit.I'm not a loan specialist but I would think any attempt to refi or strip assets based on the full potential of the buildings earnings would require you to have the unit rented.

A lot of times, codes exist to cover people's...assets.