With the cash flow number and the potential equity gain every year you can calculate your estimated return on equity - my hunch is that with $500k in equity it will not be great return.Another thing to keep in mind is that if you have lived in the current house for at least 2 of the last 5 years and it has appreciated a lot while you have owned it then you can sell with little to no capital gains (there is a limit that you may be pushing with that much equity).For those reasons I would probably consider options that involve selling.

That's the key component that is usually missing when I hear other entrepreneurs/investors say they don't like QBO.Something else to keep in mind is your entity structure and how your entities file tax returns.

My mind is blown that some of you, such as @Jason G. are able to purchase investment properties out-of-state that you've never seen in person.

All: Really appreciate the community here and the hive mind. I

Another thing to keep in mind is to make sure you have an active income to help you have more options in terms of the strategy you will use to begin investing.

Quote from @Mindy Nicol: I have a tiny home on my property and can't recommend it enough.  

That's the key component that is usually missing when I hear other entrepreneurs/investors say they don't like QBO.Something else to keep in mind is your entity structure and how your entities file tax returns.

We've found it has superior reporting features, integration features, and is overall more efficient to work within than other REI-specific software.The downside is QBO is not set up for REI so you'll need to do that or work with an expert to ensure it is set up for your business appropriately.Something else to keep in mind is your entity structure and how your entities file tax returns.

@Becca F. that definitely helps bring some peace of mind. I

@Mindy Jensen