It ignores the things that are destroying families, destroying financial independence, and destroying wealth in modern society.

I have a good plan , but it will have to come with a two year sacrifice with changing my career and my current job to take on a different position to save more money and build a better financial future.

I am actually studying to be a financial planner and this is what I have learned.

I am a mother of three living in San Diego and am ready to start my path to financial freedom.

Suffice it to say, between this experience and another one I did simultaneously in another city, I have paid a whole lot of dumb tax...and even more financial “tax” in the form of losses.  

At the meetup there was a speaker who was talking about his success to financial independent and when he went through his list of rentals he bought over the years it left me with a lot of questions. 1: Most of his rentals he bought in B+ to A area's in the 300-450k range in Florida.2: His numbers just didnt make sense, one deal he posted it showed literally like a +$5/month cashflow only....So afterwards i started to talk to him more and he mentioned that he is not the type that invest in cashflow, he is a equity investor... intrigued me so i asked more questions and basically he went on to explain to me that he buys properties that need a little bit of work, but have built in equity in the deal, but he has 4 main rules he goes by... 1: If the Roof is greater than 10 years, he always puts a reduction in his offer for a replacement roof.2: If the A/C is older than 5 years, he always puts a reduction in his offer for a replacement a/c.3: If the house is older than 30yrs old, he always puts 10-15k reduction in his offer for a water line replacement.4: He refuses to buy houses with pools....Anyways after a bit of talking he explained to me that he buys larger 300-450k houses, because most investors are educated to not buy them, so there is a lot of room to wiggle on the deals due to lack of competition on offers and most people in that price range are easily able to be purchased with a few % out of the deal to skip agent commisions..Example he gave me, he recently bought a 455k deal for 405k, but the ARV 535k, because he talked them down in needing a new roof, and a/c and offered to pay cash instead of going through an agent if he would drop 4% off the price for that... 

Others opinion may not be relavent to you current financial siduation.

I would prefer to lend at a slightly lower rate to an experienced and successful flipper with strong financials verses someone who just started out in real estate.

Some updates after checking options with lender - it turns out that mortgages with high down payment are "frowned upon" (from financial perspective), so the bottom line was that a 15y+50%dp get about the same interest as 30y+25%dp(!)

Bigger Pockets is by far the most dialed-in, pragmatic platform for people looking for financial freedom.