Option premiums are fat right now so if you're looking long term you might want to stay away from the covered calls because of all the volatility in the market.

Dangle a Big FAT Carrot...

I would like to get started with a du/tri/fourplex in the centeral CA area (fat chance I know), but could deal with any such dwelling anywhere from WA and TX, and possibly select north-eastern states.

Depending on your state law, that amount could be as little as $10-20.Then, once you secure or control the house with your option you want to sell that house as fast as you can so you can get to your fat 5-figure pay check.

Just keep going until you do your first deal and get that big fat pay check like the one I'm going to go pick up right now from my lawyer for $185k for a flip that I did in just 6 months.

If your end result was too lose 20 pounds, your leverage might be I will die 5 years earlier, I will continue to feel fat, or I wont be able to play sports with my son.5th What has caused me to fail in the past when I have tried to achieve the results that I desire?

Make the same mistake with a 29 unit complex and you will likely hear the fat lady sing!

But not a bad rate..If he doesn't want to drop pre-payments and you really want the financing (and you plan on holding), try to negotiate a declining prepayment penalty for the first few years when you expect it will have no impact on you.If he's trying to invest money 30 years at 6% secured by real estate, send him my contact info and I'll give him a nice fat note secured by my CA property and give him pre-payment penalties for the first 10-15 years..

They also seem fat enough that you that you should be able to cash flow even with a pricey 30% 2nd on it.

@Scott Sewell are you calling me fat?