The city of Grand Junction and our county have generous rules regarding "ADUs" (accessory dwelling unit).

Free and clear home with a mortgage on a rental vs a lower mortgage rate on a home and a free and clear rental, vs financing everything and buying a home plus a couple of rentals. keep in mind your debt to income ratio, because banks aren't so generous about considering rent as income as they used to be.My opinion is that this is not a good market to get over-extended.

I'd get bored after a week there and I'm generous.

I cannot be more grateful for the selfless and generous in the BP family!

I'm also working with the current owners to find a place to finance for their niece.Lessons learned:You make money on the buy, not the sale; be more thorough on inspection and don't be generous regarding fixes before you take possession of the property; I still like holding notes instead of being a landlord; there is a price for your time.

I always give expected finish dates (and they're usually very generous, time-wise).

While I am not cheap and one of the most-generous people you will every meet, I strongly believe in being frugal and using the money I save for my family's lifestyle, to reduce stress and to invest to make even more money.

But this was great info from you and so generous !

I've learned a tremendous amount of valuable information here and credit much of that to the generous sharing of knowledge by all of the experienced investors here.

First two steps are:Be a valuable asset to all that you meet, you never know when you will meet the money and it's good practice.Have a solid business plan, utilizing the readily available resources such as public library, SBA and this website among others.By the way, 'valuable' can be attained in a smile, kind word, or nice gesture.