Hold on to this cash cow, milk it, pull all the equity out in a cash out refinance, which is not a taxable event, put it in a trust, and hand it off to your heirs.Or if you love the velocity of money and are looking for the biggest bang for your buck, sell it.

Depending how popular the market that you select one of the biggest down-sided things is you don't start out with much equity in 203K loans.Since inventory is kind of low right now, you could stay out right now and just concentrate on learning.  

My goal is I want to buy 200 properties in 5 years(separate business plan) and build even bigger after until I have the biggest real estate empire.

I find one of the biggest predictors of good tenants is the rent.

My biggest problem with the policy is that as a professional, another professional gets to see my offer prior to making their own.

Looking forward for answers from experienced members here Thanks I think your biggest hurdle will be finding qualified buyers.

Today’s Cali is the 3rd biggest city in Colombia with a population of approximately 2.5 million, behind Bogota and Medellin.

But to answer your question, yes I brought the house to him through my agent, and I will be putting in lots of sweat equity, helping manage subs, as well as splitting property management, tenant screening, etc.I would have hired him as the GC anyway, so I think he sees this as an opportunity to put some money to work while helping me get into my first deal without the traditional challenges of getting financing (which I understand can often be the biggest obstacle).Do you have any suggestions with regards to how to handle the financing in this situation?

Also, any student loans above the new loan rate you'll also want to roll into the mortgage, but you won't want to roll in any of the lower interest rate debts.My biggest gripe with your post is the 22k car.  

Credit score 760.No equity going into a house at the moment- but have the cheapest rent possible in your area.Two biggest contenders in my mind at the moment: Dump all profits into index funds utilizing some IRA/401k contributions for extra benefit OR Save up enough to begin flipping houses- still do 401k to at least matching levelNote: not working a 9-5 job, work all your own hours only have to attend 2 meetings/wk 2 hrs eachYour job is already incredibly rewarding so you are willing to take on extra bs/work in order to compound your savings over time.