@Cassidy Burns Thanks for the questions. 

A true sincere burning desire to make it happen.After that a lot depends on your background, financial resources and how much you really know about the business. 

I now have very little income but want to focus all my energy on building a rental portfolio to eventually replace her income.

Using Time/Energy Effectively

Hey Jonathan,In this scenario, you need to be very careful in structuring this deal so you don't get burned mid-escrow.

What he discovered is that with no money to pay for heat the tenants were burning his grandmother's antique furniture in the fireplace to stay warm.

I think the biggest hurdle I had to overcome was being ok with “failure” - not financially (be conservative starting out unless you are really comfortable with risk) but in terms of “wasting” my time/energy/etc on a market or deal that didn’t pan out.

Propane heat as well chimney and wood burning stove.

Propane heat as well chimney and wood burning stove.

I've been burned too many times getting emotionally involved post rehab, which has cost me time on market, holding costs, and the stress of uncertainty.