Is it smart to have your job, all your real estate, stocks and everything in one single country and at the whim of a single government?

Larry Wilkes Rookie in the game have been working W2 and utilizing the snowball debt paydown method, i have recently been thinking about my next step toward my real estate journey; I want to know if it would be a smart idea to start with a single-family home 203k that live in flip it or would it be a better idea to start with a multi-unit 203k that and possibly start out cash flowing from living in one unit and renting out the other units.

.- Consider liability protection: Look into forming an LLC or other business entity.Starting with cash is a smart move to minimize risk and learn the process.

The reason I ask is if the loan is near market rate (versus the rates available 2.5 years ago) then a refi to extract sweat equity could make this more worth the effort, risk, cost. to be blunt, with the numbers as presented and without any extract of value (refinance), I am unconvinced that the smart move was not to re-rent in current condition for $1k.  

Smart steps include studying the market, planning your money, thinking about law stuff, and looking after the property.

To me , that waa so smart because the closer we are in agreement when we start the offer the less back-and-forth there has to be. if Real estate is Sales, I’d like to see actual selling skills and that goes beyond passing written offers back-and-forth. 

Very smart.  

.: Quote from @Bruce Woodruff: @Charles Granja Your posts are smart and appreciated.

It does seem leveraging one property now, and another in a year is a smart way to move forward. 

We work hard and smart, are quick learners, quick to take action, and follow-through, but he needs to assure we won't lose the investment money-that he will train us well and provide access to good notes.