I understand the concept of “Buy low, Sell Low!”

I know this is typically a strategy for younger investors, but after listening to "Set for Life"  I see no reason why some of the same concepts can't be employed by someone like myself? 

So my suggestion: make sure that you understand the concepts, numbers, management, etc before you jump into a larger investment.

The only possible way a investor can view paying off a mortgage on a income property as a plus is if they do not have any concept of the opportunity value of dead equity.

@Latoya TruebloodPulled this from an old post on BP with a Google search and it does a great job explaining the concept:House Hacking is generally when you purchase a property and you live in while you also rent out part of the property.Say you have a duplex you've purchased, while you are still fixing it up, you rent out part of it.You can go to the following link and learn more about it:http://www.biggerpockets.com/renewsblog/2014/11/20/a-new-way-to-look-at-the-concept-of-house-hacking/

I have to say, that even though I am a procrastinator in many areas of my life, there are some things I NEVER procrastinate because I enjoy them that much: like eating :)I have heard this concept that might help: when you notice you are procrastinating something important, sit down and write down the benefits of doing this right away.

I checked out Samaritan Industries, and while their structure won't work for my family, the concept is very interesting and it seems to be relatively affordable.

It's the old, they have to know you, like you and trust you, concept.  

I'm familiar with the concepts behind security deposits so let's assume that repairs are needed in excess of normal wear and tear.  

They will have to agree to this escrow concept and probably will not unless they feel it's a good solution for their problem which is of course your problem too.