Soon there will be a refinancing event wherein I will be cashed out. 

I have a property I’m looking at in Missouri that’s about 1,400sqft, and not sure the difference between a Cash and a Novation offer. 

@Gregg HuttonIf I were starting over with limited resources, house hacking or the BRRRR strategy would likely be the best focus for long-term growth and cash flow.

Researching local job markets, schools, and even infrastructure projects can provide insight into potential appreciation and cash flow.You might want to explore markets in the Midwest or South, which often have lower entry points and better cash flow potential compared to California.

- Find ways to provide real value: Whether it’s market insights, deal structuring ideas, or even helping investors improve cash flow, being a problem-solver makes you stand out

The modest cash flow could be reinvested, eventually allowing me to build a portfolio of income-generating properties.I recognize your point about needing $2.5M–$3M in cash to consistently replace a six-figure income.

Will it even cash flow? 

Purchase price: $317,000 Cash invested: $55,000 I acquired a Quadplex in 2021 with an FHA loan, investing ~$21,000 in down payment and closing costs, plus $30,000-$35,000 in remodeling.

Instead, they faced stagnant rents and rising expenses, leading to negative cash flow.### The House Hack I Wish I Had TriedIf I could do it all over again, I would have started with house hacking.

As a license agen, you will have a fiduciary responsibility to tell sellers what their property is actually worth.