House hacking can also help you offset your living expenses and gain experience managing a property.Also, building a strong foundation is crucial to you success.

@Jay DeckerThe great thing is that you live within Washington State which does not have a state income tax.You may be required to file a non-resident return with Ohio and Iowa.

Outside of real estate, we enjoy traveling, sports, and learning.Excited to learn and connect with you all!

That can work if you live 5 minutes away. 3 hours, not so much.

If you are looking to buy 1-2 properties and live off the income - probably pretty crazy. 

I'm originally from Round Lake, live in Wauconda now, and my office is in Palatine!

It's tougher to get cash flow upon move out these days but if you're patient, willing to do some work, or live in lower cost/fringe areas you can make it happen or at minimum put a serious dent in your housing expense which is still a win in my opinion compared to renting or buying just a primary home.Also if you're a bit short on cash, make getting a seller credit part of your financing strategy.

@Justin R. we have live reports for our owner clients on their portal that cover this.

I've known about Bigger Pockets for several years and have enjoyed learning from articles and podcasts.

All the homes I buy are in f'd up areas that I would never live in.