Then you have a whole new house with additional equity you created perhaps then you can get a heloc on that home if you cannot refinance it.Talk to lenders about your plan before so you can make sure it will work with you.

Once you have the number of homes you want, you pour your cash flow and extra income into the smallest mortgage until it is paid off, then you move to the next and create a snowball effect.

*This post does not create a CPA-client relationship.

Explore multifamily or out-of-state investments for higher yields.Setting up an LLC provides liability protection but has no tax benefit for you now.This post does not create a CPA-Client relationship.

Combining HELOC and private funding is also viable.This post does not create a CPA-Client relationship.

This creates a negative initial position.

With Neal’s vast experience in multifamily construction, data-driven approach, and creative ways in solving problems as well as straightforwardness helped in creating the trust.

My current goal is to create enough cash flow over the next 3-5 years that I can quit my W2. 

It seems to me that any addendum signed later after the initial lease may create a messy situation. 

You need to be extremely organized and create processes and systems.