I'm now in my 40s and financially independent living off of real estate and index funds.

I’m based in Utah and plan to invest in long-term rentals in UT, OK, and/or TX.

If the prospects look financially shaky or sketchy, I ask for the name of a co-signer - and collect payment for a background check on them.Verbally, I also ask when they are interested in taking occupancy, and I tell them the application will be made part of the lease agreement - that I can evict them if they've lied in their application.

@Isaac Terry Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Distressed properties are real estate assets that are usually sold at a discount due to financial or physical distress.

In December, I took my first big step by getting my Florida real estate license, and now, I’m ready to start building my rental portfolio and working toward financial freedom to buy out time for the most important things in life.

Utilize financial analysis and market research to make informed investment decisions.

Sellers who are in financial distress or dealing with a property in poor condition might be more open to this type of arrangement if it helps them get back on their feet.The key to making this work is transparency and clear communication.

Hey Greg,With $750k to work with, you're in a great spot to make a serious move towards financial freedom through real estate.

@Alex Lee203k is an amazing tool as long as you don't overextend yourself financially.