One of them has offered to set up meetings for me as early as Christmas, just to network and get my feet wet with potential future options.I'm very interested in the concept of slowly building your wealth, one house or property at a time.

Maybe someone can tell me of the negatives of my thought process but I personally would rather my tenants make themselves a few extra keys to have as spares or give to a someone they trust just in case they need.

Here is a link to the original video I did:http://youtu.be/QSBJCdkAhgIThis is a REO in Southern CA in a typical neighborhood, house had several negative features (backs up to main street with traffic noise, shared lot line, small lot).

If your rent for $2300/mo, you are going to run negative as that doesn't account for ANY repairs, maintenance or vacancies.  

@Matt Rosas Some of these guys clean up...I buy rentals out of state in Northen Indiana, and cities like Gary are just like Detroit, burned and boraded up homes, the gangs are bad drugs etc...But the simpe concept is even in hte roughest cities they are people would need homes, there are husbands with families that need homes.

I used this concept many times by offering 3 price ranges of say a possible home I was rehabbing  and the end buyer most of the time bought in the middle even though before they were basically set on the lower price version of the rehab before.

The concept of lending and the business model lenders use today has evolved quite a bit over the past few years and has created distinct institutions that offer credit to everyday consumers like you and I.

A lot of people mentioned that no substantial information was in the book, only general concepts.

Apparently they can afford a negative cash flow, or they aren't on BiggerPockets and don't realize there's going to be a negative cash flow.

If you have to borrow in order to buy in your IRA, the borrowed money will be subject to taxes that negate the value of the IRA - This puts you right back at point one.