The key to financial independence is acquiring properties that give you money each month, not add to your overhead.

Hello, I've been investing in real estate since 2015 and have since acquired a few properties.

Once your rehab is completed, you could take a look at a cash out refinance on that property and use the funds to acquire this other property. 

Working with a close friend who is our broker and my wife (who recently acquired her real estate license).I'm paying $2200 mortgage, if I could I would rent out, I want to be certain I can make a profit as I most certainly can't afford two mortgages.

We'll both chip in equally for the costs and expenses of the acquiring the property (looking to buy an apartment with a value between 500k-600k in Chicago) and live together for a few years in it.

Then, use that pile of equity to acquire more properties.

For reference: I acquired all 5 properties in year 2020.

If you were to conduct a market analysis of similar properties purcahsed with the intent to flip, I bet most were acquired with construction financing.  

The transaction signifies a growing trend of industrial investors acquiring shallow-bay product in established locations to avoid competition with the growing supply of distribution centers hitting the market.In the same month, Terreno Realty (NYSE: TRNO) acquired a two-tenant, 112,363-square-foot shipment facility in Redondo Beach, CA, from Link Logistics, a subsidiary of Blackstone.

Always looking for land in Port Charlotte or Punta Gorda and acquiring a few lots every month - similar to yours.