With my background in law, currently studying in Indonesia, and my experience as a real estate agent, I’ve seen firsthand the opportunities and legal considerations involved in such investments.

Taking 'effective' action is what you need to do next, find out what your goal really is and work backwards in discovering what you need to do to achieve it.

My current focus is on doing my first flip or live-in flip here, and I'm eager to learn from those with experience in this space.I'm particularly interested in developing solid systems and strategies to achieve long-term financial freedom through real estate.

The goal is to achieve and maintain financial freedom.

Rates are higher for these and that can make it hard to achieve a 1.0 or great DSCR Ratio (your income needs to be $1 higher than your PITI+HOA costs).

People rarely achieve wealth quickly.

Hey Mitchell,Since your goal is to leave your 9-5 (achieving a certain amount of cash flow) then to reach that goal you can either have ~5 paid off rentals or ~20 leveraged rentals. 

(These averages represent state-level data, and individual cities may levy additional taxes.)To achieve the same level of cash flow as a property in Nevada, you would need to generate a higher cash flow in Texas to offset the higher operating costs.

In other cases, you can take a more firsthand approach.Budgeting—Putting It All TogetherThe more you understand the costs associated with investing in residential real estate, the easier it is to maximize profits.

I’m very bullish on Passive Investing and creating multiple streams of income (mailbox money as some would say) and see this route as an effective way to achieve that.