Met him at one of his other rental properties and was friendly and chatted about his different properties. asked him what his plans are for the properties and if he ever thought of selling. he Said "No" not at the moment. a year went by....and then After my finding my father deceased from committing suicide from hanging on 12/27/2019 and taking a month off work from my job at the prison to arrange his affairs and spending time with family I knew I needed to stay committed to my plan and goals of acquiring multifamily assets that produce cash flow and equity so I will never HAVE to work in a prison again asking for time off & just for a pay check trading time for dollars ( I still needed the paycheck though).

I want to learn the ins and outs of this type of trade to get started.

Labor categories with significant additions include Trade, Transportation, and Utilities adding 5,900 positions, Leisure and Hospitality adding 18,500 positions, and Other Services adding 6,900 positions.July (preliminary)The unemployment rate fell to 6.7% in July. 16,700 positions were added, with only 10,100 workers entering the labor force causing the unemployment rate decrease.

Crazy how a pandemic and market collapse can be a financial wake up call—like getting doused by a bucket of ice cold water.I’ve been swing trading stocks for months now but realized it’s not the best path towards—-wait for it—-financial freedom!!

If there was a red flag, you'd have a professional in that trade come out and give you a quote.

Without the license though you would just be trading one job for another.The license course is just so you know the legalities and are at a "baseline".

My dad and uncle are physical-labor contractors and although I've learned a lot of trade-skills from him, I lack exposure to the financial nuances of buying and selling property.

HIGH LEVEL VIEW:Potential locations: appreciation, population, per capita income, taxesLocation validation: major employer viability, economic trend, economic stabilityTarget tenant pool: segment most likely to produce "good tenant pool" tenantsProperty profile: type, location, configuration, rent range which the target tenant pool is willing and able to rent and is profitable.Investment team: property manager, realtor, trades and others as neededCandidate properties: price, ROI, time to rent, crime, location, proximity to jobs, trafficSpecific properties: return, time to rent, rent range, rehab cost, rehab risk, area vacancy rate, proximity to jobsLOCATION RESEARCH:City economics: https://fred.stlouisfed.org/categories/27281Neigbhorhood breakdown: http://www.city-data.comNiche ranking: https://www.niche.com/places-to-live/search/best-places-to-live/Property taxes: https://www.fool.com/millionacres/research/property-taxes-state/Property insurance: https://howmuch.net/articles/homeowners-insurance-rates-2020CORE 4:Team members that is especially important for OoS investments are Realtor, PM, Lender, Contractor.

Yes, it will cost money, but spending $600 to get $5K+ back is still a good trade off.A hard money lender will look at the property you are buying and lend a portion of the down payment and construction against that property as collateral. 

There is still a nationwide shortage in housing stock so, in most areas, the trades are extremely busy - which also makes it challenging to get workers to your site, especially for one-off projects.