Ultimately, my goal is to create 'passive' income so that I can quit my current job and just do real estate full time.

Your rent estimate  sounds quite low.

It will be quite similar, and depends on the market, assuming you aren't selling, because the appraiser is essentially the one who holds your returns in their hands.

Her sisters signed what was probably a Quit Claim Deed.

In my state I’d post up a quit or pay notice on the 5 th day and on the 15 I’d file for eviction with the magestrate .

So My wife any I have quite a bit of equity in our house.

You degree says "I set out to finish something that many haven't and I did not quit, I finished what i started" 2. finish school sooner by taking classes in the summer and winter. that way you have that out of the way.3.

I have been looking at the properties currently on market and was quite surprised how much house you can get for the price within 2 miles of a beach.

It happens quite a bit that wholesalers market other wholesalers' properties?

I know the borrower and I understand the project quite well.