Building a rental portfolio that replaces your income takes years and a lot of effort, this is especially true in our high price high interest rate market.You need to have at least a 10 year vision when buying real estate.

Lucy: your story shows that setting up a loan is more than just interest rate and other terms.

What’s your success rate with mentees?

.: The fees are about market rate for PM companies although the repair is a little high imo - the issue sounds like they procured a bad tenant.

Given the fact that the Baby-Boomer generation is retiring and interest rates are high (making a buyer's market) I should be in a good place.

The interest rates are around 10%.

But it is constant rate oversite... 

My original plan was to find a 4 plex in california buy using fha loan, move out after the first year and generate cash flow and appreciation, but after looking at properties it became clear to me that’s not possible with todays market and interest rates.

If I took my best guess, investor rates may settle around 7.5% for quite a while.

Ask for a 70k payment and give them an interest rate that is 1 point higher than yours.