This isn't merely about replacing your current income—it's about creating an income stream that sustains your lifestyle indefinitely.

Once you're ready, create a goal (e.g., "I will buy at least one single-family home, duplex, triplex, or fourplex before the end of 2019") and then do it.

There ARE people able to create enough hype, misdirection, and lies to successfully conduct a “Capital raise” without possessing the experience, education, knowledge and analytical ability necessary to have a fair shot at success.  

@Michael Plaks Kudos to you for creating this post and countless others that provide infinite value to the real estate investor community!

It creates over-leverage and the performance of one property is dependent on the other.

Generosity, freedom, and love will create the most beautiful relationship."

@Michael Anderson you have two options:1) Create an Assignment of Lease from you to LLC2) Have tenant sign new Lease with LLC.Really only an issue if eviction or some other court issue.

I may have another year to be influential and I'm trying to set a financial successful path that will create wealth, residual income, suport philanthropy ideas, community help and know when she goes off and have a family of her own, she will be ok.

You've also got 30k of equity in the property that you created, which you're choosing to leave tied up in exchange for that $100/mo.

This modern home is part of Griffin Modern's mission to create affordable, high-quality residences within walking distance of downtown Griffin.