Context:I’m seeking advice from those experienced in real estate investing and financial freedom strategies.I recently bought a multi-family property in Newport, RI, using my VA loan for $695K.

In no particular order:@Bernard ReiszReSure Financial@Dmitriy FomichenkoSense Financial@Brian EastmanIRA123 

@Derick JenningsRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

It should have been communicated that we had a plan to assist you and would waive the new resident lease fee. 

Leverage the CPA path: Your auditing and financial background will give you an edge when scaling.

We are also planning to start spending winters in warmer climates... 

Prioritize your financial stability.

Hello @Diana Teng,If you choose a city that meets the financial independence requirements and work with an experienced local team, you should be OK.The goal of real estate investing is financial independence.

It depends how long you plan on living.

@Anita Z.I recommend finding an accountant who specializes in real estate taxation, tax planning and financial planning.