You can always ask more questions as your studies progress, we will put two cents worth in anytime.

Should call people to action.If you don't have a steady stream of leads you're out of business.

I like to ask it in a natural progression with my other questions so it flows with the conversation.

Have you made any progress?

I suppose in this way we will be able to avoid using conventional financing (other than for our personal mortgage) and still make progress in our investing.To put it this way, in 10 years from now I would like to have enough passive income to quit my job.

As time progresses I hope experience will fill the extra comp gaps.

i hold a few notes...i've only sold one so far, but am currently looking to sell another..let me tell you about my experience...my buyer was an investor with a few properties, 650 credit score and put 10% down on a fully occupied 4plex...after a few months of ontime payments, i could only sell the note for 80% of unpaid principal balance...i'm told by a few note investors, that was actually a pretty sweet deal for me, although i don't have much experience to back that up with...my investor didn't want mortgages on his credit report, but could have gone to his small bank and gotten another loan, so he was a rare situation..most people you owner finance to won't have 10% down, and good credit..so you're prob looking at less than what i received, even though my buyer was non owner occupied...i don' tknow if your spread is really large enough to do well at this....i bought my 4plex for 54k, and put 20k into it...then sold it for 139k owner financed..after the 10% down, i think the note was for around 125k..the note was sold for just around 100k if i remember correclty..maybe a little less (i really can't remember right now)..anyways, i had enough spread that after collecting the 13,900 downpayment and selling the note, i did ok...your numbers look a little tight...there were closign costs to sell the property on terms, and then there were BIG closing cost numbers to sell the note...i bought that property with a mortgage, so i had to sell on a contract for deed, so that affected my closign costs bc i had to convert the contract for deed to a note and deed of trust..if you're paying cash, then you can straight owner finance and probably lower your closing costs on the sell side of the note...depending on how good your buyer is, and how timely the payments are though, most offers i'm getting on my notes are between 60-80%...hope that helps...i've heard the best thing to do is find the old people who want a steady income stream secured by the real estate, but once they find out, i'm selling and getting out of the deal, i've had no such luck...ifyou do that, you're sure to get a higher offer than from a broker or institutional note buyer...sorry for the long post

Sometimes I get frustrated and feel like I am making no real progress.

Rents seem steady from what I can tell.My thoughts are that by finding properties, sprucing them up and having a tenant/pm in place I can offer a good value and make a little something on the rehab as well as on the property itself.I would love to buy and hold for myself but cannot afford it, my goal here is to work one or two deals at a time and slowly build up some rentals for myself.

Im in the military and i would like to know how to start out, i.e. land, or housing, how much recommended to spend. i have steady income, so im not worried about dropping alot right now, as long of course that i get it in return later, anything would be good i guess is what im trying to say haha, thanks for anything!