To support my seller and seize a valuable opportunity, my business partner and I decided to purchase the property ourselves.

Be sure to check out the free tools BP provides to help analyze deals you may have and also market insights.

I am deeply grateful for the challenges I've faced, as they have shaped me and brought valuable perspective to my journey.4o

The 401k is a valuable asset but its my thought that I can use this asset to further increase my portfolio by putting that money to better use.

Don't use it strictly as a tool to turn the property into one you want to live in. 

Your background as an electrician and experience in general contracting and project management will be incredibly valuable in the real estate world.

You can Host Finacial revenue tool to get an average of the income.

Being nearby allows you to stay hands-on—you can see, touch, and fully immerse yourself in the process.There’s a lot to learn, not just about managing rentals but also about overseeing property management companies.Handling tenants and maintenance can feel overwhelming at times, but starting with a property close to home gives you the opportunity to gain valuable experience.

BP has various tools to help you analyze your deals (rentals, flips, wholesale, etc). : https://www.biggerpockets.com/investment-calculators7.

Then, if or when you decide to sell, you’ll have valuable insights to apply as you roll those proceeds into your next investment property.