We have five children and I am currently pursuing a masters degree in Cybersecurity but since binge listening to the BiggerPockets podcasts, I am excited to learn and absorb all I can about Real Estate Investing so that I can become an educated resource for my clients and help others in the field.

I can count on one hand how many times I've had a late rent in the last five years.

Ideally in five years, we'll have five or so properties and enough income from them to live on and husband can manage (maybe) while I continue freelancing (the portable and most favorite of my three jobs) and our kids go to school in America.

I sent out five letters to this person and three months later he excepted the offer.

@Todd Krzeminski @Stacy Weng To be clear, you have to have lived in the property for Two of the last five years, which means if you sell, and close,  within Three years of the date you moved out your gain is tax free under the 121 exclusion.  

@Monica McLaurin Regarding the commingling of funds, you'll want to have a separate bank account, credit card, and contracts for each entity.

He sold the other five, paid off rentals, the week following.

Remember that all of the structured properties are 5 years delinquent on the taxes and the opening bid price is going to be the five years plus any fees, penalties or interest occurred to the county. 

Take that 3 to 7 thousand and put into into an appreciating asset....not some slick suited dude that charges beginners thousands of dollars to sit there and dream, while he tells you all about how great he is as his staff runs your credit card in the back room.       

Take it from a guy who was once over-leveraged and got lucky that his house of cards didnt blow over.....slow and steady is the better route!