Next, you have received good advice here so mine is going to be generic.

So, my response can only be as generic as the question.Look before you leap.

Collecting supplemental passive income from rentals now is part-time while he is working;Wholesaling and fix-and-flipping is very time consuming, so I can see why it would make sense to want to start renting out properties before being able to devote the time it takes to be a full-time investor.Where it seems slightly "backwards" is that the money to buy the rentals can usually come from assigning contracts and the profits from flips...

Finding an agent that is full time, and not in the business for extra income, supplemented retirement, or just for fun is important as well.

Nice topic/discussion with actual examples on what is required to acheive such a tough goal.I often think about trying to move into cash flowing properties full time but realize how tough it actually is to achieve and work involved.I have a nice supplemental income from it and continue on working on increasing my NET monthly + cashflow from my properties but kind of took a step back and am not trying to do this solely now.

It sounds like you had plenty of foresight early on that RE investing would supplement your retirement.

If they do $5 MM in loans every year, they can make an additional $50k to supplement their salary which is huge for them.But, at the end of the day, the underwriter makes the final decision on loan approval.

As a new owner this is the best time to make changes.Whether you wish to collect market rent from your income property to maximise your investment or continue to supplement your tenants rent depends on the direction you want for your future.

I do this as a way to stand apart from all the other yellow letter type mailers and generic postcards.

My goal with real estate is not to quit my job (I love my career in medicine and plan on sticking with it), but rather to supplement my income.