The same approach works for investing in income-producing assets to achieve financial freedom -- investment income exceeds living expenses.

Don't spend time looking at unrenovated housing approaching 100 years in age.

@Val Jaz I agree with everyone on the approach of just issuing the notice to quit based on non-payment of rent, and do not interact with these people or get involved in any more drama.

Hey everyone! I’m in Greensburg, Indiana I have family in California who is wanting to invest in rental properties here in Indiana. They have asked me to basically do all the leg work and help manage the properties. W...

I know I need to put something in place to protect myself and a prior post brought up umbrella insurance policies as a better alternative to an LLC for a smaller investor like myself.

Does anyone have any suggestions for me on how to approach getting a HELOC for my primary residence while renting out portions of my land to offset my DTI?

I understand that 50% for expenses is a very rough number and will vary depending on the property but it seemed to be a relatively conservative approach to start with until I come to know my market better.

I've had a few people tell me not to start out managing them myself now, so that is the approach I am going to take.

Personally I like a hybrid approach where you have a pot of money set aside but also add to that with some portion of your monthly income.

I have approached my personal investing very cautiously, but also most of the 7 properties we have are owned without a mortgage.