If it crashes hard enough, it impacts your personal finances, your relationships, and even your mental/physical health.With the exceptions of politicians and so-called charities, building wealth typically requires sacrifice and time.

I have just started in a 3-day training for the Lee Arnold broker certification program and thus far just completed the online material required for preparation. 

We had our Podio custom-built to meet our specific requirements, systems, and procedures.

Newer septic rules also require enough land for two septic tanks per each one you are required to install.

.👀 Risk ManagementBoth investments require risk management:Stocks: Company performance, market conditions, economic factorsReal estate: Property maintenance, tenant quality, local market changesBut guess what?

This is a fine needle to thread because at this size, you very quickly start competing with high net worth individuals who are seeking summer homes. 

Yes, Kansas City has tenant-friendly laws, including:Stricter eviction processesLandlords required to meet certain habitability standardsMore tenant protections against retaliationIf you’re unfamiliar with local laws, a PM can help navigate compliance and avoid costly mistakes.Final Thought:If you prefer a hands-off investment, a good PM is worth the cost—just vet them carefully.

You are required to disclose knob and tube wiring to insurance companies. 

Due to item 1, adding an ADU can require years to start achieving any return (once the accumulated cash flow recovers the initial negative position).4) Adding an ADU is a slow process.

I think we could transition this from a medium term rental property to a nightly property and do well, but that would require more time, money and effort from me which I don't have at the moment as I have just acquired a large campground.