I also dabbled in wholesaling and flipping, but buy and hold with cashflow is the strategy I have come to prefer as we work towards financial independence. 

I bought a home in January and a few months later, after getting very little communication and vague updates, I discovered that the home is uninhabitable and a complete disaster.

What would be your analysis of each of the investment categories I mentioned.I had used High Yield or Leverage as an example you can assume any riskier asset class publicly traded in the stock market. what I am seeking is a way to assess say the risk involved in investing in a specified category versus another and the commensurate return (reward) I should expect keeping non-financial aspects out of the decision.So again, for example, hypothetically I invest this 30k in a Public REIT I should expect maybe a 5% (assumed with no basis) return YOY or I buy a High Yield ETF that returns 11% (again assumed with no basis) versus if I leverage this to buy a residential property then how to asses this on the same risk-reward spectrum and compare the two?

My main goal is to have passive income and become financially independent.If y’all can give me a few tips on how to m started and what the first steps I should take that would be awesome.

My main goal is to have passive income and become financially independent.If y’all can give me a few tips on how to m started and what the first steps I should take that would be awesome.

If you do invest in notes however I would recommend having at least some financial reserves in case things go badly.  

(Or financial advisor?)

(Or financial advisor?)

My life insurance  providers /financial advisors also says my useable return is better in the Roth.

Some target lists to consider:Absentee Owners with Equity (be aware that in some areas this is getting over-mailed so you might want to mail exclusively to this group)Seniors with Long-Time Ownership (often ready to downsize or transition to assistance)Owners with Low Financial Stability Scores (combine with age, high equity and length of ownership to get extra layer of motivation)