This is the story of my first steps as a real estate investor and some of the challenges I faced. I'm writing this in hopes that other's will take control of their future and dreams instead of letting their past or wh...

However, if you are getting started and looking to hustle to achieve FI, then I'd look for deals from other sources. 

Great place to meet the people that will help you achieve your goal. 

Your expense allotments look ok, but you're only going to achieve a 6% return on this deal with all of your money in it.

In general, I look for ways to achieve member's interest without selling, like re-leveraging or changing member capital/profit/loss (P/L/C on the K-1s) allocations, but sometimes sales make sense. 

I know it depends on the goals of the investor but I thought the whole benefit behind BRRR was achieved with holding the rental property long-term.

Is there another way to achieve liability protection/estate plan and minimize tax liability?

In other words how many houses to buy, what yields, did I need to flip to create extra equity and cash flow.Once I did that I achieved that goal in under 2 years.Go for it man but as Joe stated, get a plan!

Your financial goals are (should be) enough cash flow to cover all monthly expenses, and the complete  payoff of all personal debt (this doesn't include rental properties since the tenant is already doing that for you).Each step backwards is based on achieving the prerequisites (much like college classes from the beginning to graduation) needed for each step. 

I’m excited to move to Los Angeles soon and hopefully start my live ’n hack journey :DMy sis introduced me to BiggerPockets and I been listening to the podcast ever since.I’m looking to connect to people using real estate to achieve financial freedom!