I had a real estate broker license for about 30 years but I never did that full time.Always remember to do the math analysis on your prospects and try to look at them before you make an offer or at least have a clause in the sales contract that allows you the time (usually about 15 days) to make a detailed inspection of the subject property and possibly back out of the deal without a penalty that will excessively hurt you.There is so much to say to you but I am bound to forget something.  

Isn't it possible to own raw land that also has a ground rent? 

Here are some of my favorite things:1- Listen to as many podcasts as possible.

I do believe that you need to still be living in the home in order for a cash out refi to be possible.

When looking at a possible property to invest in, sometime the pro-forma provided doesn't show accurate information.

Based on the surrounding area, I think that I could charge at least $900/ tenant, possibly a bit more.

We will have enough money for a down payment, and plan to use an FHA loan for the first property, however I currently have almost no income as I am taking very full loads in school to finish as soon as possible.

Transitioning to a new firm, but want to keep it as simple as possible before I move over, so I don't have to pay exorbitant fees, because regular accountants cannot take care of international stuff! 

We discussed the possibility of partnering to invest in Real Estate together.So we had a follow-up meeting today and hashed out the basics:Initial capital investments, entity formation, target market, and strategy. 

Do as much research as possible on the property and find out the title situation from the seller...if multiple signatures are needed, make sure they know that you need to move quickly since others will be involved.