With over 20 years of experience in real estate and having navigated various transaction types, I'd be happy to provide more personalized advice on managing such investments effectively.

I appreciate time and efforts of Kim, Adam, and Ryan to provide such clear and informative answers!

I will need a lender to provide the money for repairs, then I can refinance and rent.

It's crucial to have someone who can provide proactive guidance and help navigate the tax implications of decisions as they arise.

Real estate can provide a more tangible asset and potential for rental income, but it requires more management and can be less liquid.

Profitability can also be enhanced on a sale (sometimes) if we choose to provide owner financing or wrap financing.  

Since the goal is that everyone is successfully housed, residents can stay in the community forever, if they want to, she said.There are 47 fully furnished one-bedroom units and five two-bedroom units meant to provide a place where women can reunite with their children.

Overall, providing the option to buy in the lease can be a great opportunity for both you and tenant; provided the quality of the tenant.

The good news is that real estate can provide you with the lifestyle that you are describing: No 9-5, cars, travel, financial freedom, etc. 

Additionally, seeking mentorship can provide invaluable guidance as you navigate this new venture.