Great beginners guide: https://www.biggerpockets.com/blog/wp-content/uploads/2022/08/Ultimate_Beginners_Guide_BiggerPockets.pdf3.

Then all you need is to collect the payments every month, just like you would collect rents if you were renting it out, except that these are mortgage repayment coupons?

This means that you will need to pay registration and filing fees in at least 2 states if you don't buy CA property.This article goes into a lot of the considerations about whether to form an LLC or not: https://www.mmpph.com/wp-content/uploads/2019/04/May-2019-newsletter.pdfBe sure to tell your accountant that you may now need to file non-resident income tax returns in each state where you own property as well.

This means that you will need to pay registration and filing fees in at least 2 states if you don’t buy CA property.This article goes into a lot of the considerations about whether to form an LLC or not: https://www.mmpph.com/wp-content/uploads/2019/04/May-2019-newsletter.pdfBe sure to tell your accountant that you may now need to file non-resident income tax returns in each state where you own property as well.

I bring lunch to work and go grocery shopping to eat at home (using tons of coupons).

Great beginners guide: https://www.biggerpockets.com/blog/wp-content/uploads/2022/08/Ultimate_Beginners_Guide_BiggerPockets.pdf3.

Great beginners guide: https://www.biggerpockets.com/blog/wp-content/uploads/2022/08/Ultimate_Beginners_Guide_BiggerPockets.pdf3.

Then I put another 10% off coupon on top of that.

On taxes my 1/2 of the passive Texas/Oklahoma/Florida real estate fund made up of private placements & partnerships actually shows negative income because of all the passive losses.I make another $20-$50k off of a 2nd business I started in Oklahoma mining crypto which is very high return & high risk but going strong now for over 2 years.For now we have cut expenses to the bone couponing, cooking at home, price matching & using discounted gift cards,living in a garage loft & driving around a fuel efficient 12 year old car.Hoping to climb the ladder the next couple years & pass the $100k mark & then go way beyond that to $250.

(PLUS, get a special coupon to save on your first year of Pro when you upgrade.)