It sounds like you’re setting up for a solid multifam portfolio—between you and your dad, the combined entitlements give you a lot of flexibility.

If you are set on your strategy of just adding 3 more rentals then you should probably leverage your network of lenders and discuss best options with them to free up some cash for more investments.

Also if you can get a great PM then you’re all set. 

Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.

After I reached that goal, I set a new goal of 3x the required income for financial independence with the intent of giving 2/3 of it to charity.I don't believe in leaving a massive legacy for my children.

Here are some practical tips and insights based on my experience managing a real estate fund and working in this field.First, setting realistic expectations.

It also sets their expectation so they can anticipate the change in their budget. 4.

@HaiderFord is also talking about the impact on Memphis.Here is an article Ford put out 12/24https://fordauthority.com/2024/12/ford-blueoval-city-set-to-...

However, a lot of concerns can be mitigated with looking at their past rental behavior in a lot of different settings.

However, a lot of concerns can be mitigated with looking at their past rental behavior in a lot of different settings.