In other words, the agent is bound by license law to act in their clients' best interest (not his or her own).In addition, most realtors rely on referrals and repeat business to build the kind of clientèle base they'll need to survive in the business.

Buying vacant land is always a good option, I would check on the rules for subdividing the land before purchase, and also find out how you can add additional income producing projects to your land.

If similar situation, then any additional repair after plumber informed you of the problem should be the tenant's responsibility.  

Their style a massive turnoff in addition to everything else. 

For you, it will likely be business income / ordinary income(non portfolio) where it will be deemed active / passive depending on your level of participation.There are some court cases out there where people who originate 4 or more loans in a year are moreso deemed in the trade or business of lending money.It will depend on the original poster's taxaccountant to determine how he/she will treat the income.The one con of it being business income is that it may be subject to self-employment taxes.

Additionally, buyers will flood the market looking to take advantage of lower interest rates.

These provide stability and regular income, which can be crucial in retirement.Cash: 5-10%Keep some liquid assets for emergencies and short-term needs.Consider these additional points:Diversification: Spread your investments across different sectors and geographic regions to reduce risk.Tax efficiency: Consider the tax implications of your investment strategy, especially with your high net worth.Regular rebalancing: Adjust your portfolio periodically to maintain your desired asset allocation.Professional advice: Given your high net worth, it's advisable to consult with a financial advisor who can provide personalized recommendations based on your specific situation and goals.Risk management: Consider your risk tolerance and adjust the allocation accordingly.

As long as the property generates enough cash flow to service the debt, you qualify—without the need for personal income verification.This type of loan is ideal for those serious about growing their real estate portfolio, especially if you’re self-employed or have irregular income streams.Why DSCR Loans Matter for Real Estate InvestorsWhen it comes to real estate investing, traditional loans can often be restrictive, requiring personal income verification and imposing limits on the amount you can borrow.

Additionally, the property I have for sale is located in the 48205 zip code, which I later found out is considered a "red zone."

Quote from @Margaret Blythe: Quote from @Michael Borger: In coastal areas like Hawaii, where I invest (in addition to Alaska), you have to be mindful of environmental hazards -- hurricane susceptibility, erosion, salt corrosion, etc.