If you are set on buying low barrier affordable housing, you want to be an investor.....you don't want to be running a business.

I average these two numbers and use that as a baseline, adding a reasonable buffer to set the threshold.This approach helps ensure that tenants don’t feel micromanaged but also protects you from excessive utility usage.

Start by narrowing down a market, researching local teams, and setting clear investment goals.

👋🏽Perfect timing - now is the time to set up your team to help you find a lucrative deal in the north side of Chicago.

Our cleaning fees for the year were $40k, landscaping $2.5k, handyman $3k... all tasks that can be done by an operator and off set the loss of income from occupying the main house that brought in about $40k for 2024.My wife and I have decided that even though it makes good money, we have been in Texas for a year and we want to do something similar here and we are very much DIY people and don't want a PM company to run it to the ground.

It's great you are getting set up to start your investing journey, but I wouldn't recommend taking someone else's money on your first fix and flip.

As soon as the offer was accepted, we set up an LLC and transferred the contract over to the LLC, of which I am the sole member.

Remember, no system is perfect, so avoid the temptation of constantly chasing after the next shiny object.

Baselane charges a small fee to do direct ACH to your preferred bank, but why not just set up recurring payment directly with your brick and mortar bank?

Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.