But timing and planning are crucial.Here's what you need to consider:Future Passive Income: Do you expect to generate passive income from other sources?

The goal is to create nice affordable living that members enjoy and take care of. 

If you plan to buy in your hometown, buy a 2-4 unit, and live in one of the units.

There is some room for creativity here, but it takes careful planning and execution, and there is only so much you can push it before crossing the line from aggressive but legal to reckless and punishable.GROUP 2: Tax strategies that do not belong on the EOY to-do listForm an S-corporation.

For the few years tenants have been there the interior of their unit looked well kept, so they seem to take care of it. 

Who cares?

Also, don't complain about your offer not being accepted - just submit a better one or walk away - the seller doesn't care about anything other than how long its been on the market and how close to ask you are.

You don't need 20% down.Sounds like a great plan.

We had a plan to build a large real estate portfolio and then sell it in five years and divide the money.

Budget carefully, prioritize high-ROI renovations, and adhere to strict timelines to maximize profitability.