What market do you live in?

My name is Joshua Wright, living in the Tampa Bay Area, and I have a background in commercial construction management, particularly in healthcare.

So, How much income do you receive now after all expenses are paid to live on?

Regardless, my strategy was to live in the basement and rent out the bedrooms on the 2nd floor.

If you want cash flow to live off of, pay cash for properties; however, the S+P 500 provides a better historical return than rental properties bought with cash. 

I agree - it's a smart way to get into real estate—especially if you want to save on living costs and start building wealth.

They come with strings and fees so whether they are worth it depends upon whether you can live with the strings and have enough gain scale to justify the fees.I was looking at Delaware Statutory Trusts for similar reasons and opted not to go with them as most I've seen are incredibly inefficient due to massive internal fees which grind into dust much of the tax savings, so what would be the point. 

Good morning all,I was talking to a friend today who lives in Dubai.

Unfortunately, you need to account for this as you are living in the biggest unit.

What if it is your unit causing the water leak and there is mold and it's a $100,000 remediation that requires living elsewhere for 2 weeks while it is cleared.