That's a hall of fame swing for your first one.If you want to lower your income go find a dog that isn't producing anything that you can replicate that value add with.

You didn't buy a rental property that would produce decent cash flow.

If you're producing true deals, you will have no trouble finding buyers.

I've found that seeing where your money goes innately produces a reduction in your spending.

I use a FHA loan with a wopping 3.25% interest rate:) I bought it newly rehab and this get me started on buying real estate as a income producing property.

@Sammi Yang find a stud producing Loan officer and work as his assistant for a couple years.

I was going through my desk yesterday doing a deep clean and came upon my old Amortization book I used for years.these were produced by title companies and given to agents.if you wanted to know what the payment for a 10k loan at 7 years with 8% interest you just went to the page and scrolled down and there it was.rates started at 5% and went to 15% and amortizations from 1 to 30 years  Oh is was just so simple then..

The timing that you speak of is that from the day you close your sale you have 45 calendar days to produce a list of potential replacement properties. 

First housing purchase yes...but if you didn’t buy it with an intention to invest and produce income for you, no.

I am interested in buying and holding and buying, renovating and holding SFRs and small multi-family investments in the Cleveland area to produce passive income.