These were financial mistakes we made when we were younger, and unfortunately, they snowballed over time.We currently rent but own a rental property out of state that cash flows $600/month and has about $190,000 in equity.

Full time pharmacist trying to gain some sense of financial independence.

Any advice or resources would be greatly appreciated!

Reach out any time, here to be a resource.  

Happy to be a resource for you.

have a rental (multi family 2-4 units) needing major rehab. interested in learning what work can be learned/performed easily and what needs to be hired out to a contractor. recommendations for learning resources for DIY rehab (good youtube channels, etc) would greatly appreciated!

@Zeina Awad Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Over 75% of US cities have less than 10K people so the city staff and planning dept are very accessible and are a great free resource to understand zoning and where your vision can fit into their community.

Co-living is how I went from renting a room, Delivering Dominos, no savings, and not being able to qualify for a loan to financial freedom & a $2M net worth in 15 months.  

However, if single-family homes prove financially viable, I’m happy to continue building in that niche.Since these homes and projects are significantly cheaper than my market, the risk is relatively lower for me and can do at least two at a time.The ChallengeOne of the biggest hurdles is finding reliable contractors and subcontractors in the area.