Build a local team of real estate agents, property managers, and CPAs to navigate local laws and manage your property.

House hacking is going to be a great starting point to building your wealth that you can leverage in the future. 

I jumped into real estate doing the BRRRR method, understanding that holding property will allow me to build generational wealth, but then learning that landlord income is not the best way to feed your family.

Hey @Marie Copul, since you want to leave your job, I recommend focusing on a high cash flow business model within REI to begin with before getting into the lower cash flow (wealth building) models.So, flipping and wholesaling are the typical high cash flow models within REI.

As those prices fluctuate, there is a builders somewhere putting his feet up waiting to see a market turn more active because the last thing he wants to do is start paying crews to build houses, that could drop in value while he's halfway through the build process and losing equity halfway into the project.

Besides, it's always a good idea to build a good relationship with the Planning and Building departments. 

We are closing one in 60 days once permits push through in columbus ohio for a new build triplex 

cant pull those off with smoke and mirrors :)   and of course my bank that has loaned me about 60 million to build all this thinks I have morals and character as its the cornerstone concept when lending this kind of money on spec builds.. you dont have it you dont get the money.

Helps with your debt to income, better opportunities at cash flow, and typically requires less down to purchase.In regards to challenges, I usually build in an extra 10-15% to deal with things that I can't see behind the walls, including dry rot, electrical or plumbing issues, etc.

If you are not building in sufficient capex, then these costs could be higher, if not much higher.