He also had gray hair and a few decades under his belt.

Then get several more local flips under your belt and when you have a team of contractors, consultants, etc. ask them for recommendations farther afield.

.- Reverse migration to Rust Belt is occurring based on affordability issues elsewhere.- Scatter site is a defensive asset offering a lot of optionality.- Market conditions are challenging for scatter site hold unless you are underwriting a 10-year hold.- Setting up operations for SFR from scratch is very difficult.- One investor is buying at cap rates in 5s or 6s.

And once you get more and more houses under your belt, the cash flow snowballs and your net worth goes up exponentially within 5-10 years.

@Sean Haran, it looks like you are in a Cali where housing stock is MUCH newer on average than places in the northeast and rust belt.

More than once I'd look at my wife and say, "We need to tighten the belt for awhile".

@Collin H.With credit card defaults and auto defaults on the rise as well as overall debt - people will start tightening the belts and first thing they will get rid of is spending on travel and vacations etc So reading this I am not surprised - how has 2024 been compared overall to last year ?

With a major home remodel and addition under my belt and a strong interest in environmentally responsible home building, I am gearing up to begin an investing journey.

I have seen so many say a "furnace is going out" and think it's requires full replacement when after checking and testing, it was JUST a blower motor, and $400 later, vhullah, runs amazing. 

My crew now has 20 remodels under its belt and 16 or so of these being very extensive, So I do have the means of getting these into shape although to aquire 17 at one time is not what i am accustomed to.