The challenge is that non-government jobs are often short-lived.

You can find decent SFHs in the $150k-$180k range that can cash flow if you buy right.The challenges?

Value and rents should eventually increase to turn cashflow positive and build your wealth.You're next learning experience will be, now that you are out of day-to-day management, how will you be able to handle the inevitable expense challenges?

I'm not underestimating the work and unique set of challenges that come with it by any means.

Hi Kris,It sounds like you’ve got a great property under contract with a solid entry price, and the only challenge is the interest rate of 7.125%.

For those who invest here, it has been tough sledding since 2023, and much more challenging since the onset of 2024.   

She jumped into the BRRR method and found some unexpected challenges, but also some great successes.When I started out, I realized that having a solid network was more valuable than any textbook could teach me.

Sounds like a challenging situation all around I would  not cancel the deal, but if he dies and it goes to the estate and probate you may want to start looking for something else just in case...Best of luck. ...

I’d appreciate any input you can offer on everything from financing to construction challenges.

You can have replacement value insurance and this seems to be what Airbnb claims to provide yet sometimes getting them to pay is challenging.