Now, let me break this down step by step to address your concerns clearly.Let me break this down step by step to address your concerns clearly.Honorable Mention: In the idea, buying income rights is comparable to purchasing dividend-paying stocks.

Consider putting it toward another property, stocks, or even a high-yield savings account so it’s working for you instead of just sitting there.

Also, I put stock in the fact that I can manage things well and that I try to operate above reproach.

It just feels like I’ve been making a lot of short term sacrifices for long term gains and I have to be really diligent with money management. or I could also just try to borrow money for the renovation, and pay off the line of credit over time, but I feel like that really would limit me and if the stock market(my collateral) went down I could also see some trouble. 

If this is not something you're interested in delving into and learning to a high degree, then investing in publicly traded REITs would be another good option for you, which have historically returned about 13.5 per cent Per year over the past 50 years (1977-present), beating the US stock market by two per cent and even beating private real estate investing by 4 per cent (that's compared with the average real estate investor, not the experts here at Bigger Pockets).

I just did the math and it was obviously better than stock account retirement.

I've done Crypto, stocks, businesses, ecommerce, trading bots, ponzi schemes etc. 

There are several different types of income in the US tax code.Two main types are “active income” and “passive income".Active income is money you earn from working, such as wages from a W-2 job or income from running a business.Passive income is money you earn from investments like real estate, stocks, or rental income from your RE portfolio where you earn $ without actively working.Normally, you can't use passive losses (like losses from real estate investments) to offset active income like your salary from a W-2 job.That is unless you are an RE Pro.The reality is, that Real Estate Pro status is just a filing status similar to filing married or jointly.And if you are a real estate professional you CAN use passive real estate losses to offset active income from other sources.To qualify as an RE Pro you must:1.

We have retirement accounts, a small private stock market account, and an emergency fund. 

I'd say everything else is the consequence of the 2 points above - the weather and the state of economic affairs influences everything else, including safety, infrastructure, the condition of housing stock, etc.