There is life stages to investing, and the math is clear that strategic debt use, strategic leverage, pyramiding, appreciation, is the wealth generator. 

Or we gradually perform high-quality updates for a live-in flip, then roll the equity into a new home.Regarding rental income, we aim to boost income, lower our effective tax rate by generating more low tax-drag income with rental income (since there’s not much we can do to lower out W2 tax bills) and have retirement cash flow.To compare the financial impact over 10-20 years, we want to analyze renting versus flipping.

.: I set up LLC's on the secretary of state website for $50 and it takes about 10 minutes. 

A vacation rental could generate higher returns but requires more active management.

Maybe not for my generation, or even a youngster like @Jay Hinrichs, but for the bitcoin investing/trading generation, it’s probably something they’ll have no problem going with.  

Where we expected to gross between $30-40k, we are grossing $60k and generating around $2000 per month in cash flow.

Now less than a year later, the property is being sold as a duplex and everything on the city and county’s website said duplex.

This website is a nice starting point as you are deciding on what location to choose from.

My state has a good court website where I can better do my own background checks for free so that isn't an issue.

Hypothetically, if I found a property with strong rental demand, the income could cover loan payments, operating expenses, and generate a modest positive cash flow.While this example involves upfront risks, the idea would be to leverage my father’s expertise as a contractor to minimize renovation costs, boost the property’s value, and create a long-term asset that appreciates over time.