Financial freedom goes beyond simply replacing your current income—it's about sustaining your lifestyle for life.

It does however give you a degree of independence to choose what you want to do.As your portfolio grows you'll also feel the weight of future capex responsibility more, which ironically points you to growing more cash flow through more real estate.The other issue is that you are chasing a moving goalpost.

For investors, this creates a sustained demand for newly built duplexes and units, whether for rent or sale.7.

To establish a 50-50 ownership in both the property and future profits, you'll need a formal agreement outlining each person's contributions and rights.

You make revenue here and there but the goal is to generate enough in the winter to sustain all the expenses for the entire year. 

I think over the foreseeable future we will see this continue due to rising prices in those markets like California and New York.

Significant and sustained population growth leads to demand exceeding current supply, causing prices to rise until there's a rough balance between sellers and buyers.

This is my first deal and I wanted something to provide me stability for future me

One time I had a guest smoke and it went right up the ducts into my unit, it was awful.I'm conscious about how that could potentially affect guests who will be staying in the upper unit in the future.

We don't have kids (might in the future), my husband and I are young and healthy, have stable high-income full-time jobs, and just put in a lot of work to both properties so don't expect huge expenses in the near future.