My goals are to provide financial freedom for my future family and establish a sustainable safety net if physical limitations prevent me from retiring from my current W-2s.

This isn't a contest where you compare your numbers to someone else's because no two investors have the same financial goals, and plans to get there. 

That means they don't have the financial means to afford your rental and are highly likely to default on the rent payment.I recommend you watch them like a hawk and start figuring out how to handle late payments, non-payment, and eviction immediately.

But it wasn't until a pivotal moment that I realized the importance of taking control of my financial future.

I am grateful to any kind people here that can give me any insight on how I can make decisions that can benefit me financially. 

The property I started renting in October 2024 was actually inherited from my mother, so it holds both financial and sentimental value for me.

I'll just add, that if you've done these types of deals or similar deals before, having accurate and up-to-date financials (aka bookkeeping records) for those previous deals to be able to analyze the numbers would be a great tool to use to make informed decisions about future deals.And, even if you haven't done deals like this before, keeping updated financials for the deal you're doing is going to be huge as you're making decisions throughout the rehab.We call these data-driven decisions.

You will get credit for their usage and should have a nice score by the time you turn 18.Take Dave Ramsey's Financial Peace University.

I'm particularly passionate about Rental income, Real Estate Financial Analysis, Probate and pre-Foreclosure Investing.Outside of real estate, I enjoy tennis, chess and stock investing.Excited to learn and connect with you all!

You could agree to raise the property price by some percentage of the repair and finance it into your mortgage to avoid taking the financial hit in cash if you are financing the purchase.