However we won't be seeing that population gain like those out in Texas will.

That is with a "Buy and Hold" strategy and begin the passive income coming in.

It is our hope to gain financial independence by house hacking and by gradually building up a “real estate empire,” as we jokingly call it.

It is our hope to gain financial independence by house hacking and by gradually building up a “real estate empire,” as we jokingly call it.

mini recap on the numbers:530k purchase, 5% down, 7.5k seller credit.Cash used was: 80k rehab + 30k down and closing costs + 11.4k holding costs = 121.4k Current loan balance is ~502kLooking for my next steps with @Landon Hoon on how to best use the equity gain.

Both dividends and interest are passive income and taxed the same. 

I am brand new to investing, and trying to gain all of the information and contacts that I can to begin my journey.

And I have to assume rental rates for other unit will appreciate higher than inflation, plus my Dad's slight increase in his rent to me 'maybe'...I see this as a net gain for me as even taking a ~$3k loss (yes this doesn't include over costs associated with managing a rental) each year for say 10 years, I save $60k of an original downpayment and can push it all into as tax advantaged vanguard fund gaining hopefully more than my loss on a year over year basis.

I'm currently working a 9-5 and would like to gain financial freedom.

I was thinking the remote property may be more passive than the house-hack FHA.