$800,000 would buy you quite a lot of real estate and quite a lot of cash flow, even passively where you never have to speak to or look at a tenant, just collecting checks every month.Definitely look into all your options regarding maximizing your profit on the deal and minimizing your taxes

Unfortunately, most places we invest have HOAs, but we try to stick to the ones that are just minimal (maintaining neighborhood entrances, street lighting, and roads).

If you are doing buy and holds, then you can probably wait and see if you need it.

We do like a slightly different process that helps the investor to limit the liability while still being able to assist people who are unable to sell their home because of minimal equity.Beyond this and regarding the 3 day training program.  

It is in decent shape, therefore I know I can't add much equity as I currently do with my properties.I guess my thought of thinking is, after reading some more posts, if my long term goal is to build a portfolio on which I can retire on why still obtaining some cash flow I should leverage the equity I have and add another property instead of waiting for that great deal again.

That's a good thing to keep in mind if you are planning to go that route, especially if you wait until later in life....

Purchase date was 11/1.he said if I wanted to wait more than 6 months I could cash out refi.

I will wait and save money and bring up my credit score.

Their retort of course always is you can fix things over time but that minimizes and doesn't resolve that the expenses will be higher so if they are motivated I work them down on price for my clients and if not we move on to something else.

Onto the point...On each end of the spectrum you have "newbs" who jump into REI with no regard for the risks and without nearly enough education, just waiting to get burned...then you have those (like myself) who have spent years reading and learning but can't seem to take the leap, for fear of getting burned...HOW do you know when you're ready to get started?