If I knew then what I am learning now, I might be in a whole different situation at this point in my life.What books or tools have been successful to get the 'penny to drop' for your teenagers and which ones fell on deaf ears?

Here's my situation: 1.

As many as your financial situation can handle , 

I talk about this situation a lot. 

Hey @Engelo Rumora, It definitely is a very unfortunate situation for many and hopefully you can spring back from this, but the likelihood of you getting your money back is extremely slim, if at all.

.' - Investing in multifamily properties can be passive with property management services or investing in syndications.Don't let excuses hinder your potential for financial growth and passive income streams. 📈 #RealEstateInvesting #MultifamilyInvesting #FinancialFreedom"

But they had become house flippers in the past year and had financial backing.

When factoring in additional costs such as maintenance, property management fees (if you do not opt for a property manager, and you should), and potential vacancy periods, the financial burden could increase.Check this out: If you're breaking even on rent at $1,600, any additional expenses or vacancies directly impact your pocket and mental health.

If this is your first rental property - I'd also recommend an agent that can ensure you are looking at the right kind of home, area, and type to ensure it meets your financial objectives and provides you with a return.I've been an investor in Charlotte for over 10 years and also host a meetup called "SouthEast Charlotte Real Estate Investors/FI" - find us on FB.

For the analysis of an arbitrage option, as well as other short-term rental opportunities, it entails a deeper review that not only involves understanding various market factors, but also the investor's estrategy and situation.