Quote from @Kody Smith: without getting too deep into my finances, what my strategy is...1. take loans to buy properties (leverage)2. fix/flip for day to day cash flow income3. use some of the fix/flip income to buy consistent cash flow through:- business acquisition, - commercial properties (MF and store fronts),I have no intention of doing ALL of the management myself, I will hire management as needed (medium term goal)my expected core role is money provider, evaluating the numbers, making decisions, and connecting with investors, wholesalers, lenders, contractors, and property owners.while I am just on step 2 of the journey, I am looking toward step 3 to stabilize, and not worry about if house prices drop mid project or not (or not worry as much) So to be fair this is more about obtaining and growing a real estate business not simply buying rentals for cashflow.

The distance and detachment is too much to make it worth it at this point in your journey, not knowing much about what you want to do.

Thanks for the reminder that anything is possible after that journey.

BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.

My wife and I are starting our journey with our first STR and I wanted to ask: Should we use an LLC for our Airbnb, or would an umbrella policy on top of our current insurance policy suffice?

In real estate I stick to tried and true methods for 28 years now.

That method will increase your ROE significantly more.Also read the BP book on BRRRR investing.

Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.

Good luck on your journey and I hope you provide the financial security you hope for to your daughters. 

My name is Christian and I'm excited to be here as I start on my journey into real estate wholesaling, specifically in the Pittsburgh, PA area.