Persistence is essential to attracting money.

I don't know how appropriate his training is for mortgage (vs trust deed states) however he's a great resource and an essential guy to know.Or, you can read endless comments from people here on BP, however this is not going to provide you a step-by-step, detailed instruction as to how you should go about finding and working the deal types you seek.

I'm likely getting a premium of at least $25-50/month for my property over my competitors (for this reason and a couple others), so the appliances pay for themselves if they last at least a year or two.Most importantly, many of the flips I do have some leftover appliances from the previous owners, so I can take the appliances from my flips and move them to my rentals at essentially no cost.

And not just the convenience, but the cost...Many of buyers are putting down much -- if not all -- of their free cash for the downpayment and closing costs of the purchase, and if they have to spend another thousand or two on essentials, they may not be able to afford the property.

Short of a complete collapse of the US financial system, you're going to get back your principle and the exact return stated when you buy the investment.A real estate investment or a stock, OTOH, has a pretty wide range of possible returns.

We all just about agree it is better to have cash flow and the note paydown to free and clear over time, but in a circumstance where the OG poster could get another rental using no money and break even on a monthly basis, I see that as a positive.Clearly, the choice is cash flow + principle paydown, but if you can get only principle paydown for return using no money, your final return is infinite and the OG posters captial he does have could be used to concentrate on cash flow + pay-down/appreciation.

Additionally, if I can get the principle down to 200,000 I can refinance the loan and start producing cash flow from rental income.

For where I'm at in Socal, right now home values are below replacement value, which essentially means it's better to flip than to build new.

So, if they receive 12K in the first year, part of that would be principle and part would be imputed interest.

The fact is that the numbers are not favorable and property prices are high so you'd have to come up with large down-payments just to get into a property.Your investment capital can go much further in other (better) markets with higher rates of return.I strongly believe, as I advise all our clients, that good property management is essential.