In this post, I will explain the criteria and the information sources.Income requirements for financial independence:Rents increase faster than inflation: Inflation erodes the value of money over time, causing prices for goods and services to rise.

Let’s connect, and if there’s anything I can do to support you, just let me know!

A couple months ago there was a guest on the BP money pod that said something I really liked, "put your risk in your ROTH" and by that he meant that if you're going to invest in something riskier that has the potential to have large returns, put that in your ROTH account because you're only taxed on what goes IN to your ROTH, not what comes out.

The era of "everything prints money on Airbnb" is LONG GONE! 

In total, including money lost from rent, legal fees, and repairs, the situation cost almost $30k.

I'm sure he could give you some pointers on setting up a business and creative ways to save money.

We utilized the down payment program and use our own money to fix it up.

Flipping houses is a great way to create huge profits, raise private money and create marketing content around your remodels (the reason HGTV is HGTV).

Covering the mortgage isn’t an issue, but I’m considering factors like: Multi-Family: House hacking would help offset costs right away, but I’d likely need to put money into renovations upfront.Single-Family: Easier move-in with no immediate renovations needed, plus potentially lower tenant turnover once I rent it out For those who have been in a similar situation, what did you choose and why?

You are bleeding money now, but each year it might actually get worse depending on the financials.