Financial freedom requires a passive income that meets three requirements:Your income outpaces inflation: Inflation continually erodes the purchasing power of a fixed amount of money.

You will need to run power from the last pole to the power pole beside the trailer.

Support/Maintenance requests would be high since the system is too complicated3.

Quote from @MarieChele Porter: I highly recommend you join the California Apartment Association.

It may make a difference if the rent for the $300k property is so high there will be few tenant prospects available and it may sit vacant.

Find one that can be custom to your needs, has flexible pricing, no long-term, high-cost memberships, and excellent customer services to determine how to best market to your leads.

My point is the process of investing in real estate is not as fluid as it seems and for busy people it may even turn them off or they may just start splurging money and expect high cash flow and that won't happen.

It's a high-risk, high-reward strategy and is not for everyone, if I'm being honest.

And in a highly competitive business that distressed RE is the inventory moves to fast one needs to be able to look at a deal and in 5 minutes decide.. at least to make and offer

Dan Powers - New Western