Some properties are turnkey where factors can determine whether your knowledge base will suffice or you need a more in-depth view others are heavy deep renovations where it would be a best investment protection to know what you don’t know; possible septic issues, roof, mechanical electric... then it’s best to get a pro if your a pro or have one. 

I think that in order to feel confident about investing I need to spend about 4 months paying off debts (credit cards, cars) before I can reasonably allocate money to investing.

Thanks John, I am thinking of spending more on buying in a B class neighborhood now, I think I was been naive, looking to spend a little and make a lot!!

He talked about spending more time with family via passive income earned from real estate.

Or actually how to spend or borrow 40K1) I am buying now in florida for 200K and it will rent  for 2K, will cash flow 200-300$ per month.2) Have a rental out of state that is almost paid off, owe on it 6K, worth 80K.

That being said depending upon how far off your numbers are from the asking price, you may not want to spend the time building that packet right away (and of then again maybe you do), and instead start a conversation to build up that relationship and maybe find out what the sellers motivation is.Good Luck,Paul MondaWaco, TX

Hi @Kerry Baird I have been spending a lot of time reflecting, learning, meeting folks, asking questions and considering my options. 

If you make $100k in a Roth you spend $100k minus $150-$500 fee for the Ira administrator.  

Get a side gig for extra cash flow, stop all extra spending and live like a monk. 

FCI is very protective of their listings and don't want you to go around them,  which is why their website is so restrictive.