; )It's always important to make sure your spouse is on board with financial and investing plans. 

With careful planning and strategic decisions, real estate can indeed be a powerful vehicle for creating a legacy and achieving financial independence.

Reflecting on the similarities between the financial challenges of 2007-2012 and the current market conditions of 2024 sheds light on the resilience and adaptability required to thrive in this dynamic landscape.

Non-Performing – For a lender to call a note due in full they are basically re-classifying a performing asset on their own balance sheet to a NON-performing asset.

Each STR property I acquire must meet two financial benchmarks: a gross rent multiplier (GRM) of 5 or less [Property value divided by projected income must equal 5 of less], and compliance with the 1% rule as LTR, which serves as a backup if regulations shift or if there's a decline in STR income.

If you can help different agents succeed, and best of all be financially aligned with their goals, why not?

However, with the projected negative cash flow and uncertainties of remote management, consider the financial strain and risks.

Even though cash is coming out of your pocket, you are essentially exchanging your cash for a hard asset (the property).Some cash expenses can be deducted. 

They are set to go with them as long as the financials look good on the project. 

If they damage the lawn, they are financially responsible for it.Washington is not a landlord-friendly state.