Its all a learning process. if they can continue to pivot and make adjustments, when necessary, they will do wonderful.

Financial freedom isn't simply about replacing your current income, because inflation continuously drives up prices, making a fixed income insufficient to maintain your standard of living.

The recent earthquakes destroyed many multi-family complexes and will continue doing so.

It will likely still continue being a difficulty.You mentioned bills, are they credit card bills?

I’m hoping that once I do have enough saved I can buy the second property and continue house hacking.

I will continue this no matter what because I believe it makes a difference in reviews.

RW discovered that most clients shop with a "what are the monthly management fees" approach and not a "what are all of your revenue streams" approach.RW competes with a very competitive flat monthly management fee but then charges a minimum of 1 full month's rent for leasing and a host of other fees. 

Rents will continue to fall and property prices will still fall for as long as this remains true.

Realistically you would expect the house to continue to appreciate during that time as well... even if at 3.33% appreciation - that is another $50,000 in appreciation you would make in the 3 years - give or take.  

Insurance typically covers only the directly damaged area, not undamaged flooring, even if it's continuous.