At this point, I would recommend having a line of credit to cover these things so you don't have money sitting in the bank doing nothing when it could be put to work.I have 33 units, no debt except for mortgages, and excellent income.

As we evaluate deals, we're wondering if we're being too conservative with our estimates.

Real estate is an excellent avenue to help you achieve those goals, especially since it can create both passive income and long-term wealth.

I think they are way too many lenders out there to deal with that won't have an engagement fee much less of $4000. 

We’re looking for Excel models to compare these options and calculate potential net worth in both scenarios.

Thanks for this excellent write up, Julie, and for shedding light on a very important subject!

However, if a deal falls through, we'll keep searching for more deals until you get one closed. 

@Rolayne Taylor Starting with one rental in 2019 is an excellent foundation!

In general, Cleveland is an excellent market to purchase rentals. 

Excellent info!