So to summarize, here is the breakdown of everything:Rehab: $28,990Loan Pay Off: $186,745Closing Costs: $3,500Total Expenses: $219,235ARV: $277,00080% LTV: $221,600Loan Skip + Escrow Balance: $1,546Total Income: $223,146Remaining after loan pay off: $32,901Profit: $3,911 (Remaining - Rehab)Previous Monthly Payment: $1,242New Monthly Payment: $1,274So all in all, my monthly payment is only going up by $32/month (thanks to all-time low rates), I put a butt ton of equity in my home, pulled the equity back out to invest in something else, and got an extra $3,911 in cash.

Not too long ago you could purchase six properties with 20% down and the remaining four with a 25% down payment.

Although Corona is terrible, as more time passes, the number of foreclosures will go up as unemployment remains high, leading to more opportunities to investors (let me reiterate, I think Corona is terrible)I foresee a lot of one off wholesalers going off to the wayside since many "mom and pop" investors will not have the additional capital to invest.

ADU's or Mother-in-Law suites offer so much flexibility.

Full time educator that runs her other real estate school- Brokerage has own app where we store training videos and guest speakers from our events- Mentoring program for new agents to shadow experienced agent- Brokerage creates template personal site for me- 2 education classes/month via Zoom- 1 Sales meeting/month for education & motivation- 1 meeting/month on technology use, a staff member that deals with IT needs- 70/30 Split- $355 Annual Office desk due- 2% Transaction fee- No lead production, produce own leads, repeat & referral- 223 current & pending listings- Have had new agents close 20 homes in first year and other only 6 homes; variesBrokerage C:- This is Keller Williams, so probably pretty standard and y'all are familiar with them, I'm sure- Within my region: Own 12% of all inventory; 600 to 900 active listings and closed just under 3,500 homes last yearBrokerage D:- 21 agents in local office- Momentum Program for training- 95% commission paid on a transaction, fees included but you choose how much you want to spend (private office/shared office/WFH office,- Brokerage does not provide leads but can obtain leads from sister brokerage, no cost- Currently 82 listings, 50 active, states it is currently a seller's market- Goal is to sell at least $2,000,000 per year- Average sale price for last 90 days (8 properties) is $260,400Brokerage E:- Training videos available- Weekly sales meetings- Ninja sales training 2-3/month with Q/A's- Offer a one-on-one mentorship program for new agents- Mentor and I would split commission 50/50 first couple of transactions or when I'm ready to go solo- Lesser degree mentorship for 75/25 commission- $46.50/month Brokerage fees Plus $25/month on E's&O's- Own website on brokerage webpage for $10/month- 70/30 Commission split; 95/5 for sale milestones- Once you pass $5M in sales, you're still on 70/30 split until you pay out brokerage $20,000, which in turn split becomes 95/5- 3% broker fee each transaction with $3,000 cap- Can provide leads by signing and paying up for different things (ICC/OPCity/Buyside)- 255 active listingsBrokerage F:- Extensive 6 week onboarding process for training- No monthly fees; biz cards/signs/lockboxes/marketing all paid for- Provides leads- 2 CRMs that hold database of your clients- Usually 100 listings at any given time, lower now because of Covid- Minimal standard to remain with company is 24/year.

:) That's a very Dave Ramsey approach to personal finance which is fine and good for many, just not my approach.Regarding maxing out retirement plans - retirements plans limit my flexibility with their limitations.

If you have a 30 year mortgage and decide to pay it off in 15, you can make extra principle payments.If you have a 15 year and decide you want the extra cash flow, you're only option is to refinance.Based solely on flexibility, I'd always pick the 30 year.

Also, it will take them longer to raise money, so they will be more flexible on accepting investors. 

There are no closing costs when you move into and out of a rental =-) yes you don't build equity, but it's FLEXIBLE.

Try to avoid throwing everything away.The resident can collect monthly payments until the property is purchased in full by the GNA, or can cash out and a traditional loan will be sought for GNA to finish the purchase.If there is an “owner carry” deal currently established, then subtract the remaining rehab costs as a principal payment.If the GNA is simply purchasing the property, then it needs to fall into “70% rule”.Purchase price = 70%ARV - Est rehabThis option typically leaves less money for the original homeowner, when compared to the “owner carry” structure.Allow for equity transfer to other properties in the GNA portfolio.This option might allow for the lowest cost to process everything,Bring every aspect of the property up to common standards.