Thanks for your response John, I forgot to mention I just turned 60 so I could access the 401 k money w/out penalty, would just have to pay taxes on it as income.

Choose cities in safe and economically diversified areas with above-average income and population growth.

Probably by reading all this about me you know already my MAIN GOAL, but here is what my thought process is, how I will get there, first I broke my goal in small goals:first goal - to drop all my bills to zero and buy my first property to generate my monthly rentsecond goal - to buy enough properties to generate a cash flow to match my yearly income third goal -  to go full time real estate and close as many deals I can in order to provide for my family  a better life now at the end I just want to THANK YOU JOSH AND BRANDON  for what you guys doing and to all BP family , happy to be here and looking forward to my learning process

How much can your net worth fluctuate daily or even weekly unless you have a huge spike or drop in income/expenses? 

Come the first week of May and a week in October for the prettiest months and for the sake of rental income.

I currently make a large portion of my under the table and is not verifiable income.

Ultimately would like to create passive income but think a flip may be the best way for us to get into the market.

Mortgage on $375K based on 4% for 30 years is $1,790Total Yearly Expense is $29,410 and Monthly expense + Mortgage is $4,241The property is giving income of $5200 a month from all 4 apartments, with monthly Cash flow of under $1,000 a month.Even that Cash flow look very good, the Cap Rate is only 6.28% and COC of 7.67%.Also owner is offering to "hold mortgage for balance" - what does that means?

I work full time and plan to continue to do so but would like to add additional streams of "passive" income. 

I look for the basics(tools, transportation, professionalism, working weekends, being on call, previous income etc)3.