Obviously 6 months later you'll have to endure some interest rate risk as the market can change but sometimes this strategy is worth the risk, all things considered.Let me know if that helps. 

I have always been interested in real estate investment, but have always been scared of enduring the hard times with no consistent cash flow. 

Downside: It cuts into your bottom line increasing expenses, having to endure ridiculous rules that may not make sense to you or your tenants, restrictions on the number of units the HOA allow to be non-owner occupied (The HOA can decide to limit, reduce or expand the number of non-owner occupied units at any time).

That is a difficult thing to endure.

Real estate investment is a great supplement to teaching, and if you love teaching, which I'm sure you do, the income that you receive from real estate investing can relieve you from the financial burdens that unfortunately those of us in the teaching profession now I have to endure.

So that you CAN achieve as much as that one dude who had to endure grueling periods of trial and error and pain with 1/10th the pain and effort. 

My last deal, I had to do some super sleuthing since two weeks of emailing and calling the listing agent and the principal broker netted nada.    

Something real that I can pass on to my children and ensure that they, or their future children, will never have to endure the hardships of my childhood.

Buying a condo, in my opinion, requires just as much sleuthing of the HOA as the condo itself.  

Scott shall not be considered active under the following circumstances: unemployed while seeking gainful employment, on disability from full time employment, retired from government employment, or other circumstances out of control and atypical to choosing to pursue his housing business endeavors as his sole source of primary income. 1.Should Scott choose to “actively” engage in housing as his source of employment as defined above, Scott agrees to give 25% (twenty five percent) of his net profits accrued from his active efforts during the period of marriage to wife in the case of a divorce.2.Payment of such percentage of funds shall be payable over 120 equal monthly payments, or equivalent to no greater than 10% of Scott’s New York State Adjusted Gross Income, verified annually with payments adjusted the 1st of November each year, whichever is less, to ensure no undue hardship to Scott or the business will be endured.