@Michael Johnson I would focus only on buying and holding single and multifamily homes in Florida. With Florida's growing population, there will be more families needing single and multifamily homes. Targeting the specific markets, and great marketing would lead to a great way to generate passive income if you know your numbers and buy smart. Keeping that in mind, my end goal is to earn enough passive income that I will not need a job, and I can focus on real estate full time and consider myself financially free. While buying and holding a property, usually you have many exit strategies. For instance, do you want to rent the property out to tenants. You could do a FSBO, or a lease option, seller financing, etc. the point is there's many exit strategies, but it's up to the individual to make the decision of what strategy will profit them the most. SFHs, and MFHs, also create equity which the investor can use to their own benefit when investing wisely. In my current plan, my goal is to acquire my first MFH by December 2017. My end goal is to have 50 units by December 2021, working hard and consistently following my five-year plan I believe achieving financial freedom is very obtainable.
