Same principles apply for building cash flow and this would give me the ability to get into a home with some substantial equity from the beginning.As we've gone out and purchased SFRs, we've come to really like the newer small homes for maintenance, better rental prospects, higher rents, etc... 

IN reality you would pay interest plus whatever principle you can based on your rental income.

Paretto's Principle says he's more likely to be part of the 80% of brokers doing only 20% of the deals.

The deals they are doing look pretty good, and I actually have done some work with one of the principles in the past, but I'm just not sure I'm comfortable with the 15% up front structure.  

Our next meeting is going to be a discussion of the principles of Rich Dad Poor Dad.

I would suggest a Principle + Improvements mortgage to get a good deal on a dated property and have the mortgage company roll in the renovation costs into the mortgage instead of buying a turnkey property for way more.

Now if the mortage is not being paid as a PITI (principle, interest, taxes, and insurance) then the investor can either work an arrangement out for the same debt service company to distribute the payments or maybe pay them own their own if the investor is the party responsible for the taxes.Fyi (side note): I am not an account so please check with your accountant to see how your taxes maybe affected with this strategy but the IRS has a tax code for installment payments.

In addition to that, connect locally with a mentor to expand your knowledge base with more advanced REI principles to help guide both of you towards your 1st deal and beyond. http://www.biggerpockets.com/startherehttp://www.biggerpockets.com/meetSetting up Keyword AlertsHow to Use @Mentions on BiggerPocketshttps://www.biggerpockets.com/ruleshttps://www.biggerpockets.com/inviteshttps://www.udemy.com/biggerpockets-real-estate-investing-course/ (video with 64 lectures and approx 6hrs of material)https://www.biggerpockets.com/real-estate-investing (Ultimate beginner's guide to REI)REI can be very daunting, but, before you go searching for that 1st buy, please take a few minutes to bone up on the tips in link below.https://www.biggerpockets.com/renewsblog/2014/12/19/real-estate-investing-success-smart-tips/REI books suggested by BPershttps://www.biggerpockets.com/renewsblog/2015/11/13/7-real-estate-books-beginner-investors/ (7 absolute must read books for beginner REI)http://www.biggerpockets.com/renewsblog/2013/04/14/best-real-estate-books/?

I am not sure when I fully embraced this mentality as a guiding principle in my life, but I know it came at a young age, and am confident it is the result of attempting to emulate my father, a 28-year career military officer.

It also has a good size out building on the property that a few coin operated laundry machines would do great in. she definitely wants to walk out before 15 years, so she would be paying extra principle payments to pay off early.