Set the wayback machine a couple of years ago and that was pretty acheivable.

Hey @Otis Clayton,Partnering can be a fantastic way to scale, but setting clear expectations upfront is key.

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.

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.

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

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.

I can proudly say I did not spend lots of money on fancy ring tones, as I never answered my phone for unknown numbers (which you can actually set your iphone to send them to vm btw).I get calls constantly about people wanting to buy a property I have not owned in 5+ years as well. 

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