I understand that at my age, focusing on properties with strong equity growth potential (even if cash flow isn't immediate) is a solid strategy.

I will return to this situation in the end of this post, but first let me show you why the age of a person can be tricky when it comes to the IRS.

My main goal is it be able to retire at age 40 from my main job and work entirely on my real estate portfolio.

@Emeka Okeke I'm really impressed with your commitment to expanding your knowledge of real estate investing—it's inspiring to see your dedication to learning and growing!

Once you know the "basics', you can then invest OOS more successfully.If you can't afford to invest in your home area, how will you grow your knowledge of an OOS if you take a shotgun approach to where you buy?

Meanwhile that water bill growing.

Wishing you luck as you learn and grow in this industry!

@Mickey Petersen Like what @Alex Olson said, a 1031 exchange is a great way to diversify and further grow your RE portfolio.

It’s clear that there’s an incredible wealth of knowledge and experience here, and I’m excited to continue learning and growing with this community.I’m looking to connect with members who are open to mentoring or collaborating on real estate deals, particularly in buy-and-hold strategies for single-family or multi-family properties.

So, I went hunting.Huntsville, Alabama, caught my attention because it’s a highly educated city with growing industries and a stable, diverse economy, as well as a really high quality of life compared to the surrounding areas.