Basically from my understanding , Uncle Robert doesn’t believe in 401K and suggest that it’s better to just invest in REI and control my own destiny rather than the bankers and wealth managers in Wall Street that gambles with my money 💰 if I participate in a 401K program.

I've tried picking the brains of people I know that are doing the same thing but no one seems to be thrilled about feeding this hungry girl their information, therefore, I've decided to become their competitor.

Remember that you want to find a deal that cash flows from Day 1 (with the exception of building in house hacking one unit where you have decreased rent), otherwise you are gambling on appreciation.

In places like California or New York, I've heard if investors get 3 or 4%, they're thrilled.

I’d love to play 1 appreciation gamble every two years (buy a 800k house in San Diego or something, rent it at 4-5k, which covers mortgage, and cash flow from other properties for cap ex) and profit at sell off on appreciation in 15 years.That’s another thing I don’t need the cash flow to live off of and I don’t intend to retire on the cash flow in the next few years.

If you are responsive the tenants will probably be thrilled that you are taking over.

Granted, renting to pet owners is a gamble...but I would argue that renting to Humans is far more risky.

Every renter KNOWS that rent will inevitably increase over time and with inflation, so they're probably thrilled that you've waited this long to increase it as it is.

@Derek McGillicuddy It's always a pretty big gamble if you rent out to someone you know.

@Brian Nance some of C class neighborhoods are transforming to a B class.Its easier to “predict” the direction that a neighborhood is going towards than predicting what will happen with a whole market.I’d suggest feeling the vibe of the neighborhood, you can tell that by seeing that a lot of houses are getting renovated, greener grass, cleaner area, cops are present and it just feels safe.Neighborhoods that their tenants are the owners will be taken care of better too.I would not wait because houses in good areas increase fast, so it is a gamble that eventually you will end up paying more for the same house.Good luck!