The part that is being left out though is that the life insurance contract is heavily tax advantaged which is conducive to enabling this sort of "be your own banker" approach.

This is the first deal I ever attempted and it turned out to be a great success.Lesson #1: Real estate is a long term gameI still own the 1st place I bought back in 2010 and it has generated the best return to date as well as enabled me to invest in additional deal due to the appreciation.

Owning 8 properties for 15 years in Little Rock, AR has enabled me to quit my job and spend full time with my 1 and 4 year old boys and I’m FOREVER grateful.

But it creates a large liability for you, especially if you enable it. 

I am a musician, country music singer/songwriter. 

Selling and Taking the $250K off the table would enable us to launch our BRRRR Business, but we would of course have to rent somewhere else in CO (Not a bad thing, my wife wants to live closer to Boulder) and we would lose the $2700 monthly cash flow from short term rental income.

Tech Enable as much as you can in the home; i.e. make it a smart home.

I've been a musician all my life.

I have 2 musicians and a guy that does computer recycling. 

In other words if you don’t have the very basic knowledge enabling you to pass a real estate brokers exam you don’t have the knowledge to be able to successfully bring a deal to fruition.My advice: research real estate brokerage to see if it’s something you’d like to do AND something you’d be good at.