My mindset has just shifted from using real estate as a wealth building tool to a wealth maintaining tool. 

Buyers tend to appreciate clean, cohesive flooring throughout the home, which can enhance the overall aesthetic and make the space feel more luxurious and well-maintained.

We want to maintain a good relationship with the tenant while also reclaiming the space for our business goals.

It is difficult to maintain, it scratches, it warps, it stains, it needs to be cleaned with cleaners made for wood floors, pets tear it up, it transfers noise, it shows wear patterns, etc. 

There are handful of crowdfunding lending companies emerged lately.They all seem to share a need to be an accredited investor to start investing.In order for an individual to qualify as an accredited investor, he or she must accomplish at least one of the following:1) earn an individual income of more than $200,000 per year, or a joint income of $300,000, in each of the last two years and expect to reasonably maintain the same level of income.2) have a net worth exceeding $1 million, either individually or jointly with his or her spouse.3) be a general partner, executive officer, director or a related combination thereof for the issuer of a security being offered.How strict is the accreditation requirement is being followed?

These provide stability and regular income, which can be crucial in retirement.Cash: 5-10%Keep some liquid assets for emergencies and short-term needs.Consider these additional points:Diversification: Spread your investments across different sectors and geographic regions to reduce risk.Tax efficiency: Consider the tax implications of your investment strategy, especially with your high net worth.Regular rebalancing: Adjust your portfolio periodically to maintain your desired asset allocation.Professional advice: Given your high net worth, it's advisable to consult with a financial advisor who can provide personalized recommendations based on your specific situation and goals.Risk management: Consider your risk tolerance and adjust the allocation accordingly.

Run the numbers, but if the 1960s home hasn't been maintained, you may have some expensive repairs coming up. 

You need to buy, rehab, rent, manage, refinance if the numbers make sense, don't if they don't, repeat if you identify the right property and if you have the capacity to properly manage, and maintain external sources of cashflow to really get it going. 

Quote from @John Mason: See if you can find time to fly to meetups in hot markets too I am trying to find my first one something closer where I live so it's easy maintain, but I ll keep in my mind. thank you.

To thrive in real estate investing, you must maintain a firm grip on your finances.