I like the idea of starting local since I know the Miami Beach area well, and buying a studio like the one I’m renting feels like a safe first step, so I’ve been looking at similar properties to what I currently rent online and running numbers.

How much do you need to generate in investment income to either step away from your current job or do something you enjoy more but less pay?

If you’re going to take the corporate trustee route, the last step would be to make the corporate trustee an investment party (multi member llc) 

I bought a primary residence last October that I planned on renting out come this October (next month) and would love some advice from more experienced folks on my next steps, because I came up with a few options. 

When we have a turnover coming up, we proactively reach out to the landlord to remind them of our process and answer any questions.

Starting a real estate investment journey requires several steps.

I ask this question because there are many markets that are growing in population and want to be a step ahead.

It's not easy and 100% a step in the right direction!

By following these steps, you can find the best market for your investment.Good luck!

Since your goal is passive income, breaking even, and long-term wealth, here are some general steps to guide you:Location Research: Focus on areas with landlord-friendly laws, especially since you want to avoid tenant-landlord issues like those in New York.