Start with a rental that has modest rehab requirements such as updating kitchens and bathrooms and make sure you qualify for permanent financing through a lending source that offers interest rates similar to that of  a bank.

I don't want to work all my life, and have nothing to show for it other than dying with a bigger bank account than most people.Having a modest level of financial independence provides, perhaps, the least amount of clarity compared to either having non at all or being super wealthy. 

I just finished reading a Bigger Pockets blog post that says Florida will be one of the hottest markets for flippers and landlords in 2025.

This chart does not include the latest increase in rates, but in a couple weeks we should have an update.I saw several places that showed increased rates:https://www.verticalbuilders.com/blog/what-to-expect-in-q4-2... 

Here’s a BP blog for more info on this - 9 Vital Questions to Ask When Vetting Your Real Estate Investing TeamNo property ever paid the rent.

Here are a few suggestions on how you can maximize the wealth of information available: Check out the blogs and podcasts, or take advantage of the search feature (magnifying glass).

Here are a few suggestions on how you can maximize the wealth of information available: Check out the blogs and podcasts, or take advantage of the search feature (magnifying glass).

For a more comprehensive look at the Las Vegas investment market, please DM me for a link to our blog.

That way you have a contract that is specific to your area and at the same time have an established relationship with an attorney in case anything ever comes up.If you want a boilerplate contract, I am happy to share some of ours, but they are more specific to Chicago/Illinois law.Here is a blog that we wrote on what should be included in your contract:This article is for educational purposes only.

This post originally appeared on the BiggerPockets blog.