It certainly shows how a stream of income is MUCH more valuable than a pile of money.  

Key Principles:Mindset and Goals:Think Long-Term: Real estate is a long term play in most cases Set Clear Goals: Define your financial goals and how real estate fits into your overall plan.Finding the Right Property:Location, Location, Location: Invest in areas with strong economic fundamentals, good schools, and low crime rates.Cash Flow is King: Look for properties that generate positive cash flow (rental income exceeds expenses).Consider Appreciation: While cash flow is primary, also consider properties in areas with potential for long-term appreciation.Financing:Get Pre-Approved: Get pre-approved for a mortgage before you start looking at properties.Leverage Wisely: Use leverage (debt) to your advantage, but don't overextend yourself.Consider Creative Financing: Explore options like seller financing or partnerships.Building Your Team:Real Estate Agent: Find an experienced agent who specializes in investment properties.Property Manager: Consider hiring a property manager to handle day-to-day operations.Accountant: An accountant can help you with tax planning and financial management.Attorney: Consult an attorney for legal advice and contract reviews.Managing Your Investment:Maintain the Property: Keep your property in good condition to attract and retain quality tenants.Screen Tenants Carefully: Conduct thorough background checks on potential tenants.Review Your Finances Regularly: Track your income and expenses and make adjustments as needed.Example Action Steps:Set Your Goals: Define your financial goals and how real estate will help you achieve them.Educate Yourself: Read books and articles about real estate investing.

Full article here. 

A couple of years back I read an article regarding what was called the donut effect when it came to major cities.

I thought that these were in person until recently when I read a news article that Senate Bill 140, which passed in 2023, allows sheriffs in Louisiana to conduct foreclosure auctions online.

Hopefully you have learned some valuable lessons about being a landlord. 

Building trust will come with continued learning, sharing valuable market insights, and gathering testimonials from satisfied clients.If you need help with financing or more guidance along the way, I’d be happy to assist!

Take a look at BP's blog where new articles are published every day: https://www.biggerpockets.com/blog4.

Here's an article with additional FAQs on cost segregation studies that you may find helpful.

Take a look at BP's blog where new articles are published every day: https://www.biggerpockets.com/blog4.