What is step two?

[Mark Loberger]

I've been working on my game plan of becoming a rental property owner to start building my passive income.

I understand the beginning process of starting small, knowing it will grow slowly and be difficult. I have an opportunity to start with a multi-unit property from a family member and use a 1031 to start up the accumulation of more properties. But as I lay out my game plan for them I want to explain the process of the benefits of the passive income.

So my question is, when the time is right and we can begin using the passive income for something other than the exponential growth. How is it used? Is the line of credit from the equity the goal? Do I put part of the proceeds collected into an account and begin spending from there? Ultimately I aspire to be able to working on my property management full-time.

Any thoughts or sharing of experiences is greatly appreciated