Some months I’ve unfortunately had to pay like $150 out of pocket but I’m Planning on holding long term wise and the let the rental bare fruit later in my life because I’m only 22 and just wanted a base hit or a rental in a great neighborhood.

I actually have done a lot of research on this because I love 1980s and 1990s arcade games and plan to collect my favorite 7-8 games eventually.

The TX LLC is owned by a WY LLC (as per advice/plan I had received from Anderson Business Advisors).I have one STR in TX and one LTR in NC that are personally owned.

You need to have a plan of actions to take to collect if you even want a chance to see anything from those judgements.

Compare these with potential financing alternatives, like a DSCR loan or other commercial products.Exit Strategy: What’s your long-term plan—hold for cash flow, refinance, or sell?

The way I'm looking at it, if my spouse and I only do employer matching for the 10 years we would have more than enough in there and still 10 years out from being able to access it.I do plan on doing 401k loans for deals if the numbers check out, and I've considered rolling over some of our 401ks into roth IRAs to access our contributions but we'd have to pay taxes out of pocket (a big hit to cash flow) and we couldn't touch it for 5 years.  

I’d love to hear how your plans are shaping up!

Buy, even if you don't plan on staying in that 1st house in Cleveland permanently you can just use an FHA loan live there for a year and turn it into a rental afterwards.

This may or may not be true, but either way it sounds like your best move may be a court ordered payment plan.

You may wish to think about it as an investment and you may plan for it to be an investment in the future, but until it is an investment it ISN'T an investment property. 3.