This was a little labor intensive but worked to get the relationship off the ground.  

Intensity, commitment and grit for a year that started far from any semblance of direction and accountability. 

Of course, nobody wants to be the test case, but I've never heard of IRS treating money from a loan as income, ever.I think you would be better off with a long closing date on the purchase and sell your exchange property fast so you can do a conventional 1031, receive conventional financing with one set of start up fees/costs, etc.

I have tested it in the past and find that it is way off (usually on the low side) for me.  

Must meet self sufficiency test for 3-4 units on FHA though, which alot of properties in higher cost areas do not meet.Conventional allows 5% down on 2-4 units.

Whether it's reading 10 minutes a day, making one new connection, or analyzing one deal, consistency beats intensity every time.What’s one habit that’s changed your life?

As you speak with prospective guests, just ask them and do some QA testing.

Both of these are management-intensive though, good luck!

This helps you identify which factors drive the best returns and make confident, informed decisions.It’s also important to test your numbers with scenarios like higher vacancies, unexpected expenses, interest rate changes, or rent adjustments over the years.

Flipping is probably a little more intense, but can still be done with a day job, but again, my average flip versus my average rental: flip has made much better returns.And as for generational wealth and handing down something to your kids... well, I guess I view it as: if I can hand my kids a $10mm trust fund held in public securities, or $10mm real estate portfolio, they are going to be pretty set either way, but a real estate portfolio will continually have costs and work, a brokerage account is a bit more set and forget, with some periodic rebalancing.