The walk out lower level offers an additional room with two twin beds, a game room, and another TV 50" area with a pull out sleeper sofa.

Study the problems landlords face, learn how to handle them, create policies and procedures, and get ahead of the game.

Thanks for posting, @Rene Hosman.The statewide law is such a big  game-changer.

This is a great step to financial freedom, i would said what really change my game is using an investment loan that allow me to buy property that generate cash flow without have to show my income.

I too am from louisiana and just getting into the game.

It seems you just need that first investment to get into the game. 

So it’s definitely a numbers game and making it work for your strategy.

It's also possible to participate in a 721 exchange where you might transfer the capital into an investment vehicle such as a syndication if you still wanted to participate in the real estate game without the tax hit.

To put it simply, I’ve been told that I do not have enough skin in the game myself in order to cash out some equity.We bought the seller financed with only a $30,000 down payment.

I have been out of the game, personally, for too long and ready to get back.