Gross Scheduled Income: $12600Expenses (Maintenance, Management, Taxes, Insurance, Utilities (water & trash paid by owner), Landscaping, Common area electricity, CapEx, Vacancy, Internet for complex, security, etc.): $6400Debt Service (5.5%, 20yrs, 80% of cost): $3700Cashflow: $2500Annual COC: 17%I want to make sure I'm considering everything but also don't want to get stuck in analysis paralysis.

I think a lot of it boils down to, do you want to look at Real Estate as a way to diversify your portfolio into something with more secure returns, or do you want to build a business that acquires and rents properties. 

I have accumulated over half a million through stock securities.

:) It's amazing to me the opportunity that the Real Estate provides the average person to have financial security and not be tied to a traditional 'day job'.  

You know, most every tenant does make a security deposit...4) Moral/ethical: "your surname looks Polish.

I like to ask, how much do,u need above your existing mortgage, how soon do,u want to settle.You need to show the seller the benefits of taking back some paper; interest payments, show the seller how much they are making over the term of the mortgage, let them know they can discount the the note for cash when they need it, use the note as a down payment on another purchase, split the notes, pledge the note as security for a loan, give it to their kid for college cash or just keep it in their cash flow portfolio.  

For the second part, I'd suggest talking to a lawyer about a will.EDIT: You can in theory have 500 mortgages if you want, just as long as all 500 are only secured by 10 residential properties.

We have secured financing for the unit and have money set aside for the minor renovations required. 

(I have the Series 7 and Series 63 securities licenses so I understand sponsorship).My question is how to I approach a broker to get licensed?

But quite honestly, biggerpockets forum gives me hope in humanity... amazing ppl that are willing to help each other to make money and become financially secure. that is pretty awesome.  .. sorry if tats too deep :) haha   Perhaps once I get situated with where I will be living, we can get together and talk investment, if your still up for it :)@John Kent - how do i get in touch with the investment groups you mentioned?