I’m just getting started and looking to soak up as much knowledge as possible—whether it’s about finding good deals, managing renovations, or understanding the financial side of things. 

Yes, this comes with some risks and limitations and this strategy is not for someone without any reserve as it will put them in a very bad financial position.Thank you

Often, it will also need work.So, that is causing investors to lower their standards and buy Class C & D rentals.Problem is, most investors apply Class A assumptions to these Class C/D properties - and then blame everyone else when they don't get their "expected" results.Check out copy & paste info below for more dtails:------------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

A STR is a completely different animal in my opinion, in that it requires more work and much more compromise, but financially is worth the effort. 

& how you become financially free is by letting whoever your renting to (I'm guessing that was a step also?)

Do you have other assets you can leverage (like a home equity loan) for that amount?

I was a SWO for 8 years, and the best thing I did to improve my financial life was real estate investing. 

HighLevelAccounting & Finance: What tools make bookkeeping and financial tracking seamless?

The information shared is based on my experience and industry knowledge and should not be considered legal, financial, or insurance advice.

She then met with her financial advisor, and immediately called me to complain that her future lifestyle was going to be “compromised” by the terms of our divorce.