A $500k property should produce gross annual income of +/- $50K but can generate as much as $65-70k with the right location and amenities like a hot tub.

Some sell everything and ride off into the sunset, others prepare a trust and train the next generation to take the helm.

(This well could be a generational thing and whatever the comfort level of the guest is.)

Hey Matt,With $50K in a self-directed IRA, there are several strategies you could explore to generate both short- and long-term returns, depending on your risk tolerance and investment goals.

However, ensure you have a solid repayment plan to avoid over-leveraging your home.Focus on long-term rentals that generate steady cash flow and offer tax advantages, such as depreciation and deductible expenses.

Just know that it is a "no days off" kind of business and very mechanical.I would suggest documenting your process via video so that eventually you can bring people on to replace the different hats you will be wearing.Keep in mind of these 5 components of any wholesale business.lead generation, deal sourcing, underwriting, marketing, transaction coordination.

The only members I've found with multiple deals are his partners who were already successful, just like Pace, and they use the newbies to help generate more deals.

However, they approach financial health from different angles.The 50% Rule is a quick estimate that suggests operating expenses (excluding mortgage principal and interest) will roughly equal 50% of the property's gross income.The DSCR is a more precise calculation (Net Operating Income / Total Debt Service) that determines if a property generates enough income to cover its debt obligations.Deal example:- Class C middle class neighborhood- 4bd / 2ba single family house- ARV: 190k- Purchase: 105k- Rehab: 35k- Market rent: $1,400-1,525- Section 8: $1,475- Property manager: 10%- Taxes: 125 month- Insurance $1250 yr- HOA: $55 month- purchased and rehabbed with all cash.

Quote from @Brendan Jones: I am very new to learning about real estate and am looking for advice on my first home and how I can best use it to help offset my mortgage and generate cash flow.

Unfortunately I was not able to put much away for retirement most of my life so I was thinking about attempting to buy 4 rental units over the next 4 years with the hopes of building up something that could generate income in 5 to 7 years to supplement my retirement at 68.