If you find yourself in a similar situation, I highly recommend exploring the gift of equity deals and using sweat equity for renovations.

Have you looked into any specific states yet, or are you still exploring options?

It allows potential tenants the flexibility to explore a property at their own pace while still having the expertise and guidance of a realtor at their disposal.That said, I’m curious about your thoughts on this approach.

Leverage equity, explore house hacking, and continue learning through books, podcasts, and local networking to refine your strategy.

Exploring seller financing or subject-to deals can minimize upfront capital needs.

As for financing, make sure to explore options for using rental income to qualify, and be prepared for a 20% down payment.

I'm interested in learning about rental property investment, looking to build a rental portfolio, exploring real estate investing to replace my income.

These are the kinds of questions business and tax planning would help you to explore, think about, and answer.

If cash flow is tight, consider exploring slightly better rent-to-price ratios within your target areas.

Are you doubling down on short-term rentals in tourist-heavy areas, pivoting to long-term rentals in growing suburban markets, diving into value-add multifamily properties, or exploring something completely different?