Thats just one factor.

Also weather is a factor as previously areas were subject to a 100 year storm that is now a 20 year storm, which causes insurance to skyrocket.

A few quick tips:Run your numbers – Flip for a profit by factoring in renovation costs, holding costs, and market trends in the area.Line up financing early – If you're using a VA loan, it's great for long-term holds, but for a flip, hard money or private lenders might fit better.Build your team – Lean on your local contacts (family, friends, or contractors) to be your boots on the ground.

Reminds me of the scene from the big short with the stripper who has five properties and swimming in debt.The other factor is how much do you have in reserves, do they cash flow and could you afford a job loss?

.- You mentioned you don't need the money right now, so holding onto the property could provide long-term rental income and potential appreciation.Here’s what you should consider:- **Financing Costs**: If you decide to rent, ensure you factor in all expenses, including mortgage payments, property taxes, insurance, and maintenance.- **Market Conditions**: Check the local rental market to see if $1450 is competitive and if there's a high demand for rentals in your area.- **Long-term Goals**: Think about your long-term investment strategy.

It works for you but one of the most important factors is that you find willing investors to participate and not everybody can do that.I personally wouldn't invest that way either because I believe that, by trying to mix lifestyle and investment, you neither get a the best lifestyle property nor the best investment.

Everyone's circumstances are different, so maybe it makes sense for you to borrow against the 401k, but I just think it is important that folks are fully educated on all factors before making that decision. 

For example an Uber driver might show $4k per month in deposits, BUT that doesn't factor in their EXPENSES such as fuel and maintenance which might be $1k per month.

Quicker build times, no external factors (weather), precise details.

Hiring a property management company is a decision that requires careful thought. IREM President Libby Ekre, CPM, shares five essential things to look for:
Licenses & Certifications – Ensure the firm has certific...