Our game plan was to get this one ready to rent and then look for the next one. We did just that and within a year we had purchased three properties. All got purchased below what they were asking, each one took some rehab work but all rented out quickly and cash flow very nicely.

But to make a long story short, I purchased three real estate properties within a year and had depleted my cash funds to make the next purchase.

I joined the local Real Estate club in town, and looked at all the real estate options that I could find to see if there was a way for me to keep moving forward in the rental business.