Kyle  My father-in-law did this by creating a portfolio that is primarily debt-free single-family rentals in the city he lives in.

The first mistake is the property is free and clear.  

A Roth IRA Conversion lets you convert funds, pay taxes upfront, and withdraw contributions tax- and penalty-free after 5 years, offering a longer-term solution.This post does not create a CPA-Client relationship.

We constantly get the comments that it is much better than it looks which I prefer.So here are some links to read up on the topic @Mark Mileshttps://www.zillow.com/learn/how-to-make-a-virtual-tour-for-...You can go over to - https://matterport.com/ and create a free account.

That way, you build equity and cash flow at the same time.Feel free to reach out if you want to run any numbers or talk through a deal.

If you have any more questions, feel free to DM me.

We walked with about $55k of tax free cash on a $147k house with $55k renovation budget.

These options allow you to build knowledge and experience for free or even while getting paid to learn. 

Make sure HVAC systems are working properly and that windows are insulated and free from drafts.

Quote from @Matt Bridgman: Here are top 3 mistakes I see as a lender among investors - new & experienced:  Feel free to comment or give me your list. 3.