If you’re not paying cash for properties, get pre-approved for an investor loan to understand your available credit.Time FrameThe shorter your timeline to achieve your goal, the more upfront capital and credit you’ll need.End GoalMost investing goals focus on replacing their current income, like $5,000/Mo.

Can't do any of the things they promise in the pre approval. 

Quote from @Julian De la Guardia: Look, I get it.. you’re standing at this starting line, itching to get your first.... or next.... investment rolling, but all the advice floating around feels like someone’s reading off a stale script.

It's set up to roll over when the lease expires. 

Back before I retired, I didn't need any of the cash flow at all so all profit just rolled back into more properties.

I'd try to fill at least a few spots to get some income coming in, and then do a rolling conversion to MTR as you have the cash to outfit a unit with everything an MTR needs.

I saw on line wholesalers talking about wholesaling pre foreclosures many states have very strict rules on dealing with homewoners in foreclosure. 

Rent roll is $12,000 and increases to $13,000 in April 2025. 

I think he calls it "pre-development" & goes over subdividing, entitlements, permits, etc.  

The second-floor tenants stayed (they’ve been great tenants), but the third-floor tenants refused to pay the increase.Spring: Turnovers and Learning ExperiencesAs spring rolled around, I turned my attention to getting the garden unit rent-ready.