I believe I spoke with you a month or so prior to when you posted this. 

Currently scheduled to close on my first triplex next month and excited to connect with other RE professionals in the area to help me along. 

A small fourplex and a 2-3 month transition of getting clients used to the new owner, handyman contacts, and such. 

You may need to leave about $20,000 into the property after refinancing and you may only cash flow about $150 a month, however you can create $40,000 to $50,000 of equity right up front. 

A serious accident with injured person requiring hospitalization can get to a million dollars in a month or two of medical care.Hence the efforts by asset protection specialists.For my part, I just use the LLC approach.

I've been trying to have one tenant do the autopayment for 8 months now and it has only worked one time.

.🎯 Your 6-Month Timeline:Month 1: Foundation (5-7 hours/week)Morning routine: 1 hour daily market researchEvening routine: Deal analysis practiceWeekend: BP forums & networkingKey Goal: Analyze 10 deals on paperMonth 2: Education (8-10 hours/week)Complete 1 RE courseJoin 2 local REI groupsSchedule lunch breaks with agentsKey Goal: Build your initial power team listMonth 3: Systems (10-12 hours/week)Set up deal tracking systemCreate document templatesEstablish banking relationshipsKey Goal: Ready to make offersMonth 4: Lead Generation (12-15 hours/week)Drive neighborhoods after workWeekend open housesSetup automated MLS alertsKey Goal: Generate first 5 qualified leadsNow, the Owners and Brokers you deal with may not enjoy this, but you can certainly "practice" making offers.  

If not, ride out the 12 months with the hard money lender.People have to make good choices and not over extend themselves just for the sake of buying something they really can't afford or that doesn't make good cash flow.

All things being equal, a simpler option would be to terminate the lease with a penalty of one month's rent, agreed to in writing.

My name is Ben and I am about a month into diving deep on real estate investing education.