Many methods will not return that original investment any time soon.. it will be out there working for you, but could cease to be liquid for long periods of time.So visualize your money going into each of the methods you have mentioned and tell me what you would see playing out over the next year or so.

So once we played it as “it’ll be a lot easier if we buy a house we can house hack, live there a year, simultaneously scope out other areas of town we would prefer to live, stack cash, then move into our long term house and keep the other as a rental and continue to subsidize our mortgage payment that way.”Was a no brainer once we looked at it from a logistical standpoint rather than wanting to be in the cute HGTV home right out of the gate.

This keeps the playing field even since I am incentivized to accept other tenants who I don't have to pay the fee so this keeps their clients on a level playing field. 

@Darrell MayHere are my favorite books:Multifamily Millions by Dave LindahlThe ABCs of Real Estate Investing by Ken McElroyThe Complete Guide to Buying and Selling Apartment Buildings by Steve BergesCommercial Real Estate Investing by Dolf De RoosTrump: The Best Real Estate Advice I Ever Received by Donald TrumpTax Free Wealth by Tom WheelwrightCommercial Real Estate 101: How Small Investors Can Get Started and Make It Big by David LindahlRaising Private Capital: Building Your Real Estate Empire Using Other People’s Money by Matt FairclothThe Definitive Guide to Apartment Marketing by Josh GrilloInvesting in Apartment Building by Matthew MartinezCrushing It in Apartments and Commercial Real Estate by Brian H MurrayThe 7 Secrets to Successful Apartment Leasing by Eric Cumley2 Years to a Million in Real Estate by Matthew MartinezBurn Zones: Playing Life’s Bad Hands by Jorge NewberyCommercial Mortgages 101: Everything You Need to Know to Create a Winning Loan Request by Michael ReinhardIt’s a Whole New Business!

If it does need a re-pipe, and new electrical wiring, then expect to gut to studs, patching swiss cheese is more labor intensive so it is better to gut and start fresh. 3.

Too many people who grew up playing Sim City with authoritarian aspirations. 

I just had a tenant request a ginuea pig - I added clause to the lease about only keeping it caged or in a pet play pen at all times.

This hasn't passed yet, but has had a first reading, so we will see how that plays out in the coming month.

On the other hand, if you have a killer business idea that is capital intensive and you believe could outperform you REI returns then pursue that route.  

@Rema W.Have an open and honest dialogue about how this is going to play outMake sure your tenant understands what the rules say and how they workDescribe in detail what happens when the requirements of the law are not metDo not let the tenant control any aspect of this scenario- especially if they have a record of late paymentsBe fair but firm