The problem with this is that they tend to place INCOME as the main feature of any investment they’re currently considering, and their decision making process centers around how a particular investment will fit into their ULTIMATE portfolio, the one that is large enough to generate all that income which will replace their earnings, and still grow enough to offset inflation.In my opinion, what the investor in this situation should be doing is concentrating on WEALTH BUILDING, not passive income.  

I am currently renting but I like the idea of house hacking to start out.

We spent the last year remodeling the basement ourselves and currently have our first medium term renter (We fully furnished the unit to squeeze more rent out). 

I currently work for the US Coast Guard and will be moving to the Philadelphia area in June 2024 with my fiancee.

I currently have an interest rate of 10% from Live Oak Bank.

I can pay for all my problems using the cash flow from my current rentals.

I am ready to start acquiring turnkey properties with long-term rentals in mind and am currently seeking recommendations for reputable turnkey providers across various areas in Florida.

Inspite of the recent correction, as the house prices currently stand and with inflated interest rates plus steeply rising property taxes (year over year municipalities have increased taxes and utilities 7-15% to make up for covid deficits); cash flow is virtually impossible even if you buy in the GTA outskirts like Oshawa, etc.

Currently under contract to acquire storage units near where I live.

I currently have around 200k in cash that is yielding 5 percent in my brokerage account.