The numbers you mention in your post are confusing - like $150k annual income from a rental property.  

However, in order to do this effectively, you have to have knowledge, experience, resources, and cash reserves in case things don't go exactly as planned.Hopefully this post was helpful to you in seeing a realistic example of how to purchase real estate without using your own money.

Hi Stephon, I'm just reading this post so I missed you.  

@Kerry Hermann - the posts by @Michael Ewers and @Samuel Coronado were solid advice (I don't know Nita Cook whom Sam referenced, so that's the only part of his post I can not comment on).I second what Michael said about the market here - it was fantastic from 2017 (when I started) through 2022 - then it really started to crater in 2023 (although we still found some deals), and the bottom completely dropped out in 2024 (found one small commercial deal and one residential flip deal in 2024 - that's it). 

Hi Al and good to see your post.

Another step is to ask your current lender if an expedited post-disaster inspection can be arranged to speed things up.

Quote from @Michael Smythe: @Kyle McVayEncourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

Hello Biggerpockets Community, This is my first post as I am trying to utilize BiggerPockets more. 

There are lots of helpful people in this forum and LOTS of posts to scour.

@Jay HinrichsI saw Passive Pockets before I post this.