That way you learn the ropes, get experience, get to network, put some successful deals under your belt and you risk very little.You should be working on your credit and debt to income, and you should always be learning more but you should be doing all of these things in addition to building your real estate career, not instead of building your real estate career.Work hard on all tracks of your life and you will succeed, not just some tracks.I hope this helps and good luck :)

Read some of the articles from the learn section as well as the pod casts and you will acquire knowledge and additional motivation.

It sounds like the best way to remove it would be trying to make additional payments on my mortgage to get to the 80% mark and then refinance if rates justify a lower monthly payment.

In addition, you will either learn skills while fixing the unit you're living in, or you will work on your network of professionals to work in your units.

Then some how we could take the 600k and purchase additional units.

I would appreciate any experienced flippers explaining how you build the additional costs into your max purchase price formula.

If you occupy unit 2, your gross rent is $1,325 and multiply by 30% and that's $397.5 in additional expenses.

In addition to that I am very involved in my local real estate investor association, Central Florida Realty Investors Association.

Under 12 months we have to use the lower of appraised value or purchase price/acquisition cost.Option 3 you can search for local banks and portfolio lenders who may have more make sense guidelines in the local area.Let me know of that helps or if you have additional questions.

This may be allowed, as it is here, where the seller sells based on paying the gains from the sale as amortized, any additional payment creates an additional tax liability in that year and that phrase means you agree to pay that additional liability if you make such payments.