@Katie Magar, @Jimmy Marks, Hi my name is Frank and I live in Arlington TX, I am looking at possible markets within 3 hours of home.

Living for very cheap/free takes time.I'm at the point where if I rent out my main house, it will cash flow positive.

Gave a higher LTV because we could cross collateralize against other propertiesEach deal is looked at differently when you are a smaller company and can work with a borrower as long as it works for both sides.

In fact, the median sales price of a single-family home in the Austin metro is ~52% higher than it was at the start of 2020.

I valued it by looking at comps for similar sized properties sold in the last 3 years, and the assessor's website.

He says his source at a leading information provider, tells him that their research reports a serious drop in the number of "wholesalers" out there from 90,000 in mid 2022 to about 20,000 now, in fall of 2024.

I will look at more of the website and tutorials; I'm currently in flight school.

You want to withstand life till 80-85, at minimum, 95 at the tops.

It sounds like you’re aiming to offset your W-2 income with potential real estate losses, which can be tricky if you don’t qualify as a Real Estate Professional.To qualify as a Real Estate Professional, you or your spouse need to spend more than 50% of your working hours and at least 750 hours annually on real estate activities.

Quote from @Michael Belz: Correction , Current rent is 13,700 per month . 164,400 per year  Hi Michael,If you were to have an 75% LTV (~$1.08M) with a 25yr amortization rate with current interest rate of 6.50% (FHLBB 5yr + 2.50%) you're looking at a payment of $7,342.88/mo., P&I.