Says he was young and was "growing up."

Back when they were little, I had a small real estate empire growing that included 12 rental units on 4 properties but I had to burn it all to the ground (or liquidate I guess...) to get a safe distance from their mom. 

This is the best place to grow your knowledge in Real Estate.

I am looking to start with an initial investment and potentially grow enough that I can live off of the cash flow generated from renting out the homes.

For me continue to grow my empire is more than a 40-130 pay out. also don't forget capital gains, and depreciation repayment. 

My parents were basically the kings of doing this while I was growing up; they would move every 3 years to take advantage.I like the idea of only holding for 2-3 years and then being able to sell tax free.

Be sure to network to others particularly in your  area so you grow  faster in your real state investing journey.

@Pari Thiagasundaram  are you sure you have all your numbers correct.for instance were is this property... if it has that kind of value might it be in CA.. or one other high value market.. no reason for the note holder to discount this at all. what are they going to do with a whopping 5800 dollars...

This is the best place to grow your knowledge in Real Estate.

Certain areas of Memphis are going to grow very strong within the next few years, helped in no small part by a ready supply of solid housing stock.