Eliminate debt, establish a budget, and save.

Acquire comprehensive knowledge, and then consider moving into the niche of distressed properties.OR Consider Passive Investment: You might want to invest with established, publicly-traded REITs specializing in distressed properties.To all the aspiring women out there, your aspirations are valid, and your dreams matter.

Establish a clear legal agreement with your father on responsibilities and income, and plan for future ownership transfer. 

It's powerful tool for those who are established in their financial behavior and have some spending discipline, because it simply applies regular consumer banking behavior in a beneficial way to shrink the size and cost of mortgage debt faster. 

4) What are some effective ways to build a network and connect with realtors to establish valuable connections?

Make sure to research local rates for cohosting and management services to stay competitive.If you're doing this as a side gig or part-time job, it’s essential to time block, create systems, set expectations with property owners, and establish boundaries to ensure a smooth experience for everyone involved.We opted not to pursue rental arbitrage for two key reasons: dealing with landlords and the significant upfront costs to set up and run a profitable STR without the benefit of property ownership.

Krys is a midwife and we established a birthing clinic where she has overseen the delivery of almost 30,000 babies; the majority of which have been charity cases we fund from a business we set up that sustains the operational budget.My definition of tithing isn’t limited to writing a check. 

Filing/recording the mortgage is what establishes the creditor/lien position and puts your ahead or behind other creditors who may be using the same property as collateral (secured and perfected vs secured but unperfected).

They know the local landscape and can guide you toward the best neighborhoods and opportunities, helping you avoid costly mistakes.By leveraging the relationships that local investors have already established, you can quickly build your Core 4 with professionals who understand the nuances of the area.

If we held on to the home, and are able to establish a decent rent rate/month through STR or potentially even LTR, my thought was to then move forward with a cash out refinance with a 30 year set rate mortgage and only take out enough equity to keep the monthly payments at a rate we know will cash flow with our established rent rate/month.