More importantly, understanding your long term goals, how to get from point A to your point Z, exit strategy for getting from the first property to the second one (super important so you don't get stuck), how to actually navigate building a portfolio, how to structure your loans for maximum benefit...dozens of next-level strategies and concepts that your basic order-taking loan officer just simply isn't equipped to do.This should be your very first step, it changes the game for how you analyze deals, and then you can have a focused approach to all of this.Best of luck!

The below table gives a nice visual of this concept.

There are different levels to the strategy but the general concept is generating income from your primary residence to decrease living expenses.

If they think the concept is even the slightest bit confusing or a scam, they will throw it away. 

If concept of Buyer and Seller agent exist for Land-purchase.- Would land Buyer agent be as transparent as Home Buyer agent. - as land details could be more hazy, as compared to already built house..with inspection performed by authorities.- Pictures may be ‘inaccurate’.

What has gotten me thinking about this is the Rich Dad Pour Dad concept that your house is not an asset although I would not have the options I have now without having purchased my home. 

I’m in Florida and I know there are a few differences than Indy but pretty much the same concept.

They general concept is to buy a property and generate income from it to offset your living expenses.

If concept of Buyer and Seller agent exist for Land-purchase.- Would land Buyer agent be as transparent as Home Buyer agent. - as land details could be more hazy, as compared to already built house..with inspection performed by authorities.- Pictures may be ‘inaccurate’.

We could convert the basement apartment into our own living space at any time after the lease ends and enjoy another 1100 sf of living space, complete with a open concept kitchen/living area, 2 bedrooms, and 1 bathroom.As you can tell, I'm a big hype man for househacking.However, I just (like as in Friday 4/30/21) purchased a property near downtown Greensboro with 2 doors that we are going to rent out as a pure long term rental.