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.  

Main goal to create some passive income and see just how far I can go with it.

You're reducing tax on profit from ordinary income to capital gain at the least and in the case of many of my investors - tax free.5.

Recently received my Florida real estate license to gain access to MLS and to see where this new credential takes me.

I live in the Baltimore, MD area, but will be moving to the Albany, NY area in a couple months.I am interested in the idea of using creative financing to generate passive income through real estate.