This way, I can see if their financial health is improving or declining.

This option does require a healthy amount of capital which seems like you have.Unfortunately, when I was considering this was right before the pandemic broke out so I actually ended up doing Option 3.

I could afford it, and paid it because I have two young children and you just never know.We're very healthy, and almost never see the doctor.

Sadly, every financial planner is going to say the same thing and that is where you smile and thank them for their opinion and do what you ultimately believe is correct for you and your family.

A healthy W2 and a good team in Indy will allow you to keep investing in a market you already know.

Later on, your RE empire will able to stand on its own merit, though they'll still want you to be personally on the hook for the loan.For small 1-4 properties, make sure your DSCRs (Debt Service Coverage Ratios) are healthy on every new acquisition -- they will be if you're buying right.

thanks Jim,He does not want the money sitting in a bank account, He is 68 with a healthy railroad pension, zero debt, his actual monthly expenses amount to less than $1500 total which the pension covers twice over.

I work enough as it is, and being full rested and having some time to unwind every once in a while is crucial to my long term health. I

1st rule of investing; don't lose money, rule# 2; see rule #1 Warren buffetIt is healthy to be cautious, especially in such a cyclical industry and especially after 10 years of artificially low interest rates.I blame all my fails on not being aware of where we are in the cycle, and acting accordingly

This is my day job, and it's been both horrifying and interesting watching our healthy capital markets gradually deteriorate into a Michael Lewis financial disaster book.