Im mainly looking for more passive ways of building sustainable long term wealth, not interested in the overnight success or endlesa days rehabbing homes, as this would be supplemental income.Thanks and look forward to learning more!

The end goal is to build your resume while you are still young enabling you to go it alone if that's your desire.

Honestly, I think you're going to have to come to terms with the fact that your time together will decrease until he can supplement his 2nd jobs income with his earnings from real estate...  

You want to be as thorough as you can especially if it's going to be supplementing income for your father, if your going to buy a small townhouse or condo that needs work you will want to do the same thing as well how much in repairs will it need how much of a down payment do you want to have etc. the numbers are very key in doing any real estate deal so make sure you try to be as accurate as you can in knowing how much it's going to cost in executing your plan Thanks, Michael 

This allows me to keep my current job (working from home) and will enable me to create enough passive income to eventually become financially independent.Now that you all have a bit of a better understanding of who I am, I wanted to reach out for some advice from the experts:I am considering purchasing my first investment property with the goal of renting it out.

So, while those seem like wasted fees, they are more like pre-paid expenses.Your taxes seem high, and I would question the transfer tax.If this is an FHA 203K, I don't see any hold back or inspection fees for when you need to draw from the 203K.I would push back on the supplemental origination fee. 

I have ran into lenders that actually fund up to 95% of the purchase price, enabling the buyer to maximize their cash on cash return.

It allows for what is called a deals pipeline, allowing you to assign value to certain deals and enables you to see everything on your plate at one time.One thing I would HIGHLY encourage if you are not currently doing, is to consistently follow up with your leads for at least one year.

My long-term goal here is to have a place of my own plus rental properties to supplement the income from my music.Thanks!

I’m relatively new to deal analysis so please point out any errors you find or bugs in the program.https://www.box.com/s/hsrdpzjmj7j2ig7y4r7vThanksBTW: You will need to have macros enabled to use the spreadsheet properly.