I created the following decision tree diagram to illustrate the decision process (click to enlarge).The above decision process is based on the property’s performance record, with the goal of achieving financial freedom in mind.Financial freedom is not just replacing your current income.

Let’s discuss how this strategy can help investors grow smarter and faster

What are some of your big goals in the next 5-10 years can probably help you answer this question better.

Have a goal.

Choose a location with low-cost homeowners insurance because they have the lowest risk of natural disasters: Insurance - ValuePenguinIf you follow the above process, you will now have a short list of potential cities that are very likely to appreciate much faster than others due to their strong fundamentals.

I think it comes down to your goals and risk threshhold.

Plan for the remainder of the year is to start rehabbing again now that I reached my initial goal of $25k per month. 

You have to ask yourself what the end goal and how many of these do you plan on doing to reach that goal.

Interest only loans allows them to get a goal profit of $500-$600 per month per property.3) Each acquisition would require 20-25% down at an 80-100K purchase price. 4) Closing costs, and the Eric Spofford turn-key transaction fee of 10K would be in addition to the down payment and were not included for the purposes of calculating the cash-on-cash return.

Stay focused on your goals, and trust the experience you’re gaining will help guide your next steps.