You're giving up some good tax benefits since you're in the tier of taking itemized deductions.

And if you can't find any multi-family that pencil out, sometimes you can find some hidden gems through ADU's on the property or a nice walk-out basement, etc.

After that's under control, focus on increasing income through additional work at your current job, taking on a side hustle, or finding ways to increase income on your existing rental.At the same time, educate yourself.

Found the deal through my network.

Networking with local investors through BiggerPockets, Facebook, and meetups can help you navigate the market, while avoiding common mistakes like underestimating expenses, poor tenant screening, and hiring the wrong property manager.Good luck!

A prudent investor doesn't seek quick riches through shortcuts.

I was actually googling and saw this post pop up about safeguard so I figured I would jump into the conversation.

Michael had built his portfolio from the ground up, starting with a single rental property.

My main goals with these initial projects are:1.Gaining valuable insights into the local market.2.Getting hands-on experience with out-of-state investing, particularly when it comes to remodels and managing from afar.3.Testing the entire BRRRR process to see if it’s the right strategy for me long-term.If all goes well, I’d love to scale up and explore multi-family projects.

The Idea is to create a new real estate asset class - the Room Condo.