I have a question about how often I should follow up with a warm/hot lead.

It currently seems I’m not going to be coming back to the states anytime soon (given the upcoming projects within the next 3-4 years) but would really appreciate any advice on investment rental property strategy as so to start building the foundation for generational wealth/passive income.We have saved a substantial amount of money  for which the original intent was to buy our future primary residence with all cash if/when we moved back to the states.However, that’s not what’s going to build generational wealth and would rather put that money into passive income investments hence, real estate rental properties.

You need a huge amount (of stabilized) real estate to generate the same cash flow as your W2.

You can generate reports on your cash flow and actually see how you’re doing.

You may have to pay an agent to make all these lowball offers, otherwise they may get tired of you wasting their time.3) What can you do to your current house to generate cashflow now or more in the future:- Finish the basement as a separate unit? 

Guys share  any of your last creative deals  how did you find the lead?

What are some creative revenue generating strategies that you all have explored?

Sounds like it could generate some good monthly income, but it could also be a hassle being that far away and only 1 property.Yes, but we have friends in Fairhope that manage rental properties so we aren't as concerned about that. 

This could lead to a huge tax bill and penalties.Think carefully before you do this.

However, if it's truly one of those communities that has very high crime and difficult to attract any descent tenants, it can lead to disaster.