This provides extra peace of mind in case your upleg does not work out or the seller or lender will not deal.4) Truly retire for real estate ownership.

When we built up the triplex, we set it up so that each of the 11 rooms can be rented out individually (all BR, except 2, have their own bathroom behind an electronically locked door).

Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.

I WAS going to say you’d be setting yourself up for a large tax bill on that $200k, assuming investment.

It sounds like you’ve set a strong foundation for your real estate investing journey, especially with the time you’ve spent educating yourself.

Setting clear expectations can help you pretty much everywhere as well.

Most of the private lenders we deal with don’t require appraisals, never set foot on any of the properties they finance for us and, best of all, often finance 100% of the purchase price and renovations.

This is way more conservative than a lot of people I talk to and has definitely meant that I lost out on opportunities, but it gives me bigger peace of mind and in shifting markets I feel better prepared to adapt if need be. 

Or set prices manually occasionally?

The property is off grid, but already set up with solar and a compost toilet and things of that nature.