Plan for the Long TermTax Planning: Understand tax implications and consider strategies such as 1031 exchanges for deferring capital gains taxes.Estate Planning: Develop a plan for passing on your real estate investments to heirs.Additional Tips:Stay Disciplined: Stick to your investment plan and avoid making emotional decisions.Continuous Learning: Real estate markets evolve, so stay updated with industry trends and regulations.Risk Management: Be aware of risks such as vacancies, unexpected expenses, and interest rate fluctuations.By following these steps and remaining committed to your goals, you can progressively build wealth and achieve financial freedom through real estate investing.

Do not let your emotions prevent you from making sound financial decisions.

You seem very angry and emotional and I honestly feel for you.

Coming to the end of a project running the numbers and asking myself if keeping or selling is the best way to go on that particular property.Yes, I’ll save the emotions for my personal residence!

At that point, the seller has had time to go through their emotional journey.

This.This will also be more emotional than logical, never forget that.

Though impossible to measure, and a fraught investment metric there is a certain emotional capital gained by creating something beautiful that you love and can enjoy.

So family emotions are involved in it too! 

I'm sure that it's taxing emotionally to have to deal with tenants as well as making the commute. 

As you will deal with every horrible thing in life.... tenants disputes, sleazy contractors, the city who hates your grass, everyone has a sob story and can't pay rent, be emotional ready for evictions and threats, and know your lease and local laws.