Also, you stand a better chance of learning the "correct" (legal, ethical, respected) way to conduct your transactions as opposed to questionable guru tactics many (but not all) wholesalers seem to employ.

My credit is decent and my job generates around 70k/year.

So the moral of the story is don't spend the income things that don't generate income or value.  

I graduated from East Tennessee State University with a degree in business management and am currently employed and working as the third generation of a family business that my grandfather started in the 1960s.

However, I have not had stable employment for the past two years, but have worked/held internships every summer and winter since starting college (September 2012).

That $3,636 will reduce the taxable income the property generated. this means on the free and clear property you have to pay tax on $6,364 where the leveraged property you only pay tax on $3642) Wrapping 2 or more properties into one loan is commonly know as a blanket loan.

A few ideas:1)You could freelance to help REI companies or individuals stand up their company websites in exchange for money and/or REI mentoring.2)You could stand up a "We buy houses for cash" type website, use some SEO and other developer tricks to drive traffic there, and use it as your primary marketing channel for lead generation.

I have renovated and currently generating income from these 2 properties.

My wife and I long term goal would be to get to the point where we have enough rental properties to support ourselves in retirement and also have something to possibly pass on to the next generation.

I live over 3,000 miles away with the goal to generate revenues to get me back home without "working" but growing my income.The problem this week is the guy who agreed to help flaked out and can't contact him and have no clue what's up.