Cash flow after everything without a mortgage is about $1000, $800 if your ultra conservative. 

The seller may feel good being able to boast to their friends that they sold the property at a certain price...........

Almost to a fault.When I ran the numbers on this deal, I had to be ultra conservative.

Built in 1973 as a hotel, this baby has been converted to apartments that are now now boasting 6 coats of paint and a pylon sign no one uses any more.

This ultra-modern home clings to the slope of the Hollywood Hills on one precarious stilt.

When you think of South Florida the first thing that come to mind for most are the beaches and the active and extravagant night life the cities boast.

In late 2020 a move was made on my part to purchase a lot and construct a ultra-modern single-family residence on it with the latest technology.

Do you really think there's a good argument for diving in and learning on the fly- especially in this ultra-competitive, yield starved, low-rate environment we are currently in? 

Basically you have to be ultra careful to never touch the money personally.$1 million in umbrella insurance will run about $500 a year which might be the best stop gap until you hit a lending wall and then I would call a lawyer to come up with the best strategy.

I am still an ultra beginner and would love some guidance, but I am plugging away on my own for now.Best of luck to you and let me know if I can help you in any way.Emanuel