I’m also in the process of launching a new home inspection company, which I’m confident will help me get back on track financially.

It’s a great way to add value to a property without putting a ton of money upfront, and it can set you up for financial success in the long run.Has anyone else done a similar renovation project or used a gift of equity in their deals?

I'm eager to learn about how to find and fund properties that help my family financially and my community with affordable/reasonable dwellings for young families and newlyweds.

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

Today an almost $19,000 charge came in which totaled the renovation charges to almost $22,000.

Since this opportunity came up, I've begun to take real estate more seriously as a path to financial freedom.

Maintenance and potential repairs will also require a long-term financial plan and setting aside a contingency fund for such expenses.The steady cash flow, appreciation over time, and tax benefits can make a meaningful difference to your wealth in the long term, especially with the principal paydown on the mortgage.However, if managing the property from a distance feels too burdensome, or if you’d prefer the certainty and flexibility that comes with having less debt (especially given the high mortgage rates), selling and using the $100,000 in equity to reduce your loan for your next home may be the smarter move.

Quote from @Paul Azad: Quote from @Geri Randall: BUYER BEWARE: Goodegg distributions "paused"Goodegg has stopped distributions on the offering I bought a couple of years ago, called Congaree Villas, and has not been forthcoming with revised financial projections that explain why it has done so--even though it says the property is still cash flow positive and has adequate reserves.

The typical income from a free and clear rental would probably be $800-1500/month - and on a financed rental probably $300/month on a good day in today’s market.  

You are bleeding money now, but each year it might actually get worse depending on the financials.