I am able to pay the mortgage with the rent and it's a wonderful blessing to be effectively mortgage free at 24 :)

POL and most other RECF platforms are less institutionally focused so an individual can still select their investments usually without being bought out by an institution first.

@Cody StoneIf you borrow from the Roth solo 401k bucket, you can minimize the solo 401k loan side-effect. 

So here's the combined numbers for both props on a monthly basis.Purchase Price For both Properties: $120,000Gross Income (both properties): $5,965Gross Effective Income (10% Vacancy rate): $5,368.50 Net Operating Expenses: $2741.31- Cable - $50 (it's gerry rigged)- Water - $435- Electricity - $450 (3 months during the summer its $800 a month)- Dumpster Fee - $185- Fire Insurance - $41- Property Mngmt - 7% (I will use professional management)- Taxes: $363.34- Maintenance: $800Net Operating Income: $2,627.19Capital Improvements: $25,000 (roof, foundation, paint, flooring)The owner combines all expenses for both properties because they are side by side.

Here are a few recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/meet Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alertsIf you wish to tag someone in the conversation on the forum, type @ followed by their name and then select that person below.

Here are a few recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/meet Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alerts Read Beginner’s Guide: http://www.biggerpockets.com/real-estate-investing Check out BP Podcasts: http://www.biggerpockets.com/renewsblog/category/podcast/ If you wish to tag someone in the conversation on the forum, type @ followed by their name and then select that person below.

When it comes to selection an attorney, it might be helpful to know that the majority of bar complaints come from attorneys in practice more than 20 years followed by attorneys in practice less than 5 years.

This required me to go fha but luckily my broker found a place still offering 3.25 fha so even though im stuck with pmi my effective rate is around 4

This is why in contracts it will say something like ( The brokerage, broker, agent IS NOT an expert relative to ( all these listed matters etc. ) and that if the buyer has any questions they should seek the professional out to help them research a situation to make a decision ( something to that effect .)3.

The most effective yellow letter is the one that goes out consistently and repetitive.