Hear your Buffett comment loud and clear and current administration is already making waves.Thinking out loud - cashing out the brokerage account seems like it should be an all or nothing move, to maximize the reward from going all in on RE for FI. 

If you think you'll hand it off to your PM to run and take the great amount of passive income as your great reward, there is so much more to it.  

Hi BiggerPockets community,excited to connect with like-minded individuals who are passionate about real estate investing.

Most of the ultra wealthy individuals sacrifice a lot to obtain their wealth, and I won’t make those same sacrifices.Similarly, I don’t desire to have 5% body fat because I don’t want to put in the effort required for it.I understand that ultra wealthy is subjective, but the main point stands. 

@Kyle Kulhanek Are you planning to transfer the property into an LLC owned by both individuals on title? 

Managing a property can be incredibly rewarding, but it does come with its fair share of challenges—especially with the recent shifts in Rhode Island legislation.In 2024 alone, 39 bills were introduced, and seven significant ones passed, including extended rental terms, mandatory fee disclosures, and other updates that every landlord should have on their radar.

I'm using the heck out of virtual accounts and virtual cards, which is helping keep my finances much more organized for each individual property.

It is our goal to provide all the tools, resources, education & coaching any individual needs to learn how to build a sustainable investment portfolio to achieve financial independence & generational wealth through real estate investing.It should be noted, that while the Academy is not a requirement to invest with RTR, the individuals that do join the Academy are much more successful long term since they have spent time to clearly develop their own individual investment strategy & plan!

Your risk vs. reward is way off balance there. 

Though the buildings are attached, the guest rooms all have individual exterior entrances with no interior connection to the residence.