Evening BP from Bloomington IN

[Andrew Meyer]

I'm 30 and graduated with my DPT in the end of 2009, my wife has degrees in graphics design and english. We are currently finishing up a live in DIY reno we have been working on for around two years (We have done probably 80% ourselves and almost all of the finish work). It is in a very nice neighborhood (dead end road), was one of the low end houses that needed a LOT of work (1973 with minimal updates). We've almost finished the reno, but life changes and I am now looking at moving to Bloomington, IN to be closer to my parents in MI and my mother-in-law in IL.

We I have paid of 80+% of our school loans in 5 years since I graduated (the last 10% is at 2-3%, which I won't pay off early). So we are starting to have a lot of extra income and I've thought about getting into real estate, specifically renting.

When we sell our current house, we should have at least 55-65k after we pay off the mortgage. Since I make a very good salary as a PT, I would keep working. My wife is thinking about getting her real estate license as well.

I just finished Ask BP #21, and it had a lot of good ideas, since I will have around the 65k. I had already been thinking about house hacking a 3-4 plex and then go from there are looking into more rentals.

Have a lot of people been able to maintain rental properties and keep a full time job? Is there something else that would be a better idea to start brand new in an area besides house hacking?