That would give you a buffer and then he wouldn't have it to spend.

@Mark Ainley My ultimate goal is to reach my financial independence number from rental income so that I can free up my time to spend with my kid and travel whenever I want.

You could spend 10+ years building a 30 property portfolio for example and lose half of the properties in one lawsuit if they're not structures appropriately.

You could spend 10+ years building a 30 property portfolio for example and lose half of the properties in one lawsuit if they're not structured appropriately and you run into that 300k settlement.

You have to spend 20k to 30k in monthly marketing to  GO BIG.

As an example – a car dealer doesn’t want to spend money mailing to people who probably won’t to be able to qualify for a loan.When looking for Motivated Sellers, we target homeowners on the opposite end of the spectrum: people who are most likely to be having financial difficulty.By applying Low ESI to your list, you add a level of motivation – homeowners who are struggling economically are more likely to want to sell their homes.While credit scores were utilized in developing the model - they are not actually part of the model (hope that makes sense) so there are no restrictions in using it.

Sometimes it's important to remember the phrase "spend money to make money" as a landlord.

Doesn’t it feel defeating to have to spend a years profits on repairs?

Negotiate office fees lower instead of 200 a month say 75. be prepared to spend most of your day on the phone calling people.

I come from a working-poor,  paycheck to paycheck background and have to constantly remind myself that one must spend money to make money--but this seems like SO MUCH money!