I'm going to be honest, it is kind of scary venturing into unfamiliar territory, after 19 years in the home health industry, but being part of Bigger Pockets gives me the confidence necessary to not give up or slow down. 

You should consider the right kind of entity structuring to avoid SE taxes on your profit.

But it also depends on what kind of machine you're buying. 

could do really great charitable things with that kind of money) and more than likely even if retired at a young age, I plan to continue investing and scaling. 

It really doesn't matter where you read the contract - but this kind of forces you to do it because you're just sitting there . 

But it is kind of nice as it forces me to really examine all the charges.

West Milford is not bad for land lording laws but its kind of far out there for rentals. 

But the city has risks too: historic tanneries, dry cleaners, gas stations, garages, workshops, any kind of industrial use - always be suspicious of what people did with chemicals back in the 50s and 60s when the general population had no awareness of the damage

The concept of finding Tenant Buyers through lease options with low equity sellers kind of blew my mind.I do remember seeing Ron Legrand when I was a kid but lease options never really clicked with me.

If you're the kind of person who would benefit from a monthly budget microsoft Excel is probably your best friend .