Property prices are very high in this region, and it seems unlikely that rental properties will generate positive cash flow due to the high cost of homes and current high interest rates.

Next, you might consider purchasing rental properties such as apartments or townhouses to generate a steady cash flow.

I am 24 years old and currently in the beginning stages of my real estate journey.My goal in life is to be financially free using real-estate to create generational wealth so that my family will always have everything they need.For the last four years, I have been watching BiggerPockets podcast on YouTube and doing my own research on real estate.

It will likely take at least 3-5 years of focused effort to start generating significant cash flow from real estate, even if you use leverage (financing).

First I would call the local utilities and contractors who deal with this stuff to see if your assumption is true.For electricity maybe some sort of generator?

Some, like TC, offer only basic accounting, which is fine if you're a very small landlord, don't plan on growing past a few units, won't need to generate accounting reports per property, won't need to create owner statements, don't need to reconcile your books, and don't have a chart of accounts.2. 

My wife and I are based in the Southeast Michigan and are eager to dive into real estate investing to create generational wealth and ultimately escape the rat race.A bit about us: We have a combined $16,000 in savings and approximately $150,000 in retirement funds.

Owning a rental property in Orlando is an excellent way to earn passive income and build wealth. Whether you're a new landlord or have an extensive portfolio, Orlando's vibrant market offers great opportunities.
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Is there any way to get a ball park idea for this without engineering documents to generate a quote from an excavation company?

If you can generate a return in excess of 8%, then you can borrow the down payment from private investors, or even the entire purchase price if your hard money loan was at a higher rate than this.