Generational wealth is only achievable by owning assets.

That becomes your kicking around money along with whatever rental income you're generating. 

@Clayton BrayIt appears that your wife has her own business -The difference between having your own business and being an employee is as an employee, the employer is taking out federal taxes, state taxes, social security taxes, medicare taxes as they are earned.There was many tax law changes recently that made those having their own business have friendlier tax laws.

Hello BP fam, wanted to see who would share some insight on what it actually takes to be successful in the real estate business as far as lead generation goes. 

Additionally, although he says he doesn’t necessarily need to replace the income that was generated from the property, I’m thinking a consistent monthly payment with absolutely no work for him and no stress of managing the property anymore may be appealing.I need to sit down and look at the numbers and come up with an offer that is advantageous to us, but also fair to him.

The schools are strong and employment opportunities are there.

The Credit Department will then generate a FINAL Commitment Letter and close the transaction through escrow.4)Pooled Fund Investing is the combining of capital from multiple investors which, when added together, create greater purchasing power (and thus more diverse and higher returning investment opportunities). 

-- Landlord name and contact info- Employment / Income -- Occupation-- Employer-- Time at current job-- Salary- Employment / Income History (1)-- Occupation-- Employer-- Start date-- End date-- Salary- Employment / Income History (2)-- Occupation-- Employer-- Start date-- End date-- Salary-- Will You Agree To A Background & Credit Check?

I would view the leasing as a lead generation tool.

Numbers will differ in every market but there are deals to be done all over the country with the right strategy employed.