Just thought I'd add my opinion on here as well. I am not new to the idea of REI, but recently just started actually considering it as an option to hopefully be a full-time job in a short amount of time. My wife is military and I am prior so we have access to VA loans, although my startegy can still work without that benefit. My wife and I own a home in FL which has a solid rental history and we have a ton of equity in that house. We also have owned a home in which we currently reside in CO for a year now. We are looking at building new construction in a newer area that is very popular with families. Our plan is to purchase the new home which is currently not even started to be built, although that should start very shortly, and once we move in to rent and manage the home we currenlty live in. I'm not expecting to make passive income immedialty with that home, but am planning on holding onto it until it has enough equity to be able to refi it and have it turn a profit. Additoinally when we move away in 2-3 years, we should have equity in both homes to either sell, or refi and generate passive rental income. It's more of a long game plan, but we should leave here owning 2 properties in a hot market that generate income either passively, or through equity.
