Next up is a huge financial hit: closing costs.

@Andrew Drasch As an entrepreneurial CPA, I believe that mastering your craft is essential, and that investing money strategically leads to greater financial success.

He decided to switch to a finance degree with the goal of financial advising and real estate investing. 

For liability purposes our financial advisor is recommending creating a LLC for managing all of the STR stuff.

Focus on having a budget and having a strong financial base

It is disheartening to witness a mentorship program that boasts substantial financial success, with students allegedly earning substantial monthly incomes, yet fails to ensure that their own employees receive even the minimum wage they are entitled to.

Quote from @Shawn Questa: Hi all,I am curious what some of the Pros would do to Help a Seller in this situation while making a Deal happen.I found a 200+ day old MLS Listing where the Agent said the Seller is in Financial Ruin, hasn't Paid the Mortgage in a year, owes about 180k on an approx. 210k House and multiple Buyers have backed out.I don't know how someone could not Pay their Note in a year and not at least be in Pre-foreclosure. 

Dallas was the hot market post the financial collapse of 2008.

Financial freedom is all about buying and hold properties for the rest of your life - that's how you get appreciation, cash flow, principal paydown, and depreciation.

Multifamily rentals are a great way to achieve financial freedom, and it sounds like you’re on the right path.My advice?