My property taxes are high - around 9k a year.I’ve been out of touch with the market this year dealing with an illness and I’m trying to make the best decision cause this is my lifetime investment and extra income.

I find that going through the traditional eviction process can take anywhere between 30-45 days till then they will not only get plenty of time to stay but also burn lots and lots of my $$ and might even cause damage to furnished place that I shall give them.

@Sonal Chopra what a great question, thank you for asking this to this community.Long-term goal would be the same goal my wife and I have today; Build, passive on going revenue streams that exceed our current and future expenses with the ultimate goal of giving away 80% of what we make to charities and causes we want to support.

I feel that the coinvest should be meaningful enough to cause real pain for the GP in the event of a bad outcome, but not so much pain that a bad outcome or 100% loss ruins them or threatens to disrupt their lifestyle either. 

I didn't quit my w2 cause of real estate.

It is, because in the end people let you down and over promise and under deliver and to tell you the truth cause I've dealt with so many now, some agents are very good and they listen as to what your buy box is and they provide comps and an ARV analysis and other agents aren't willing to do sh!

Understanding how these entities can work together to support our cause is crucial.I am seeking feedback, resources, or any guidance on how to proceed with this plan.

You may be doing more harm than good focusing on short term monetary gains at the expense of how many in the industry will perceive you moving forward.

Avoid posting on Facebook Marketplace on your main account, just create another account to post rental ads, cause most likely it will be restricted after a few weeks lol.

You want to put money into a WL insurance and then borrow against your own money up to 85% our whatever amount they "allow" you without affecting the life insurance itself (many complicated rules there causing a 30% lapse within the first few years) and then you want to convince me that both entities are working for you?