I have been hesitant to pull the trigger on anything, but we finally are in the processing of purchasing a cheap duplex we’re gonna see how it works out for short-term rentals.

If the landlord pulls up in a flashy vehicle or posts his car collection on Insta, he makes himself a target.

You’d buy a fixer-upper, renovate it to boost its value, rent it out, then refinance to pull out your initial investment and do it all over again.

Of course, there are a lot of things to look out for...setting up an appropriate contingency reserve for unexpecteds, getting an accurate scope of work, properly knowing what your time-value-of-money costs are going to be, making sure you're contractor is not pulling crews for other customers, knowing codes and getting your permitting right, and the list goes on.

My husband and I decided to get into real estate investing and pulled out 100k to start the journey.

@Brandon Bruckman, I heard back from my CPA and she confirmed that I can pull up to my basis out of the REIT by selling REIT shares/units without incurring any capital gains taxes since it is considered a return of capital (ROC). 

So, you would want to have a plan ideally BEFORE you buy the property if pulling cash out is part of the long term plan. 

@Andrew Steffens and @V.G Jason what you both described is an outcome of which levers do you want to pull, time or money.

Gives credibility when pulling up to a location.  

If the 22 + 70 acres appraises high enough to cover my mortgage, can I own the 8 acres parcel/building lot free and clear and pull a HELOC on it?