I will keep that in mind when I decide its a strategy I feel ready to take on.Thanks!

Now having a trust to avoid probate, care for young children or folks not ready to inherit large sums of money yet are very good reasons to have trusts.

Get connected with them so you have someone in your pocket to reach out to when you're ready.

That said, your capital gives you flexibility, so don’t sleep on Option 2 if you’re ready to study up and build a killer team fast.A Third Path – Partner with Us: Here’s where I’d love to throw something your way.

My original goal was to buy a rent-ready duplex and house hack, but based on my pre-approval and what I’ve seen, most multi-family properties in my range need renovations. 

However, they may not be ready to sign right now.

Hi Sean from Long Island, New York-You are 18 and wonder if you should buy a duplex on Long Island which is an expensive area and likely would negative cashflow for you if you lived in one side--at least at first.You currently are still living at home and wonder if you should leverage your low cost of living to invest in a more affordable market.Obviously, the choice is a personal one, but if you could continue to keep your cost of living low living at home you could buy a cash flowing property in several markets in Michigan or similar areas and the equity would build up quickly.Then, you could use the equity to buy the next rental until you were ready to buy a house on Long Island or your priorities may change and you may decide to live somewhere else or work or school takes you other places.To Your Success!

BiggerPockets also has a calculator to analyze deals, and I highly recommend you start this as soon as possible, even if you are not ready to buy.

You are interested in investing in short-term rentals as an out-of-state owner and how to furnish and get the property ready remotely. 

Some people love that as the initial numbers look good, but probably over the long term they get tired of the common issues landlords face.It's not that hard typically to find a move in ready property, or even to find one that needs minor repairs, where you can capture the equity yourself vs the person selling it to you.