We also have a PLAN to improve the properties, thus increasing rents and improving cashflow.So, it's important to have a pretty good PLAN about what your goals are!

If I have one property at or around market, I would choose to keep in the same or raise it a little.

Have two years of W2 income, RE goals, and start talking to lenders about getting pre-approved.

I created the following decision tree diagram to illustrate the decision process (click to enlarge).The above decision process is based on the property’s performance record, with the goal of achieving financial freedom in mind.Financial freedom is not just replacing your current income.

What are some of your big goals in the next 5-10 years can probably help you answer this question better.

There are plenty of markets, a lot of people choose the Midwest.

If you choose an area or decide to work with people who will take up more time due to the low cost of entry, you may end up paying more in the long run. 

Our ultimate goal is to get into real estate development along with buying rental properties.

Have a goal.

I would choose the option I'm most excited about and can get behind!