-Have about $30k in savings and usually able to put $2k in savings every month unless I'm paying for some other expense like a vacation or Christmas presents or an emergency-I have no other means of retirement accounts (no 401ks or anything like that)Where we live now, we know it wasn't going to be our "forever" home.  

I think I will also post this in the deal diaries section and keep a running account of what I am up to.

Account Closed skip this deal and keep looking for a better spread.

I agree this deal is probably going to be too thin once you account for actual taxes.  

Establishing a CA LLC has some significant start up costs especially if an attorney gets involved.

We getting our real estate business kicked off and would like your recommendations for Accountants/CPAs in the Raleigh-Durham area that focus on real estate (Brokers and Investors).Any recomendation would be much appreciated!

We getting our real estate business kicked off and would like your recommendations for Accountants/CPAs in the Raleigh-Durham area that focus on real estate (Brokers and Investors).Any recommendation would be much appreciated!

He stated you could use a retirement account as collateral for an unsecured loan.  

So you can buy a nice deal that will not break your bank account and rent it out for 10-14% return on your investment, depending on how you buy it.2.

This is a great place and I have been learning a lot in the few months I have been involved.