To have lifelong financial freedom, you need a passive income that meets two requirements:Rent growth must outpace inflation: If rents in the city where you invest do not outpace inflation, no matter how many properties you own, the erosion of buying power due to inflation will soon be forced to get a job to supplement your decreasing rental income.Persistent: Your rental income must last a long time, ensuring you do not outlive your income.Location SelectionBelow are the requirements a city must meet for financial freedom.✅ Significant and sustained population growth.

Hello BPI wanted to see if your market is seeing and increase or decrease in active listings?  

In the last few months, I've noticed a dramatic decrease in applications for properties for rent.  

It will decrease our profit, but will increase the time between one finished deal and another. 

The items he recommends for removal are: shrubsscreen doordishwasherrefrigerator washer/dryer and water hookupcabinet doors (he also advises boarding the cabinets)hose bibs on the front and back of the house (to decrease water costs and prevent tenants from having a car wash business)outlets under a window to discourage tenants from using a window AC unitHe even goes as far as boarding windows that need to be replaced.

OP, while you consider submetering, remember, in CA, landlord pays for the water.So if your competition is paying for water, and your not, unless your rent is a lot less, and/or you have a better unit with many upgrades and/or amenities, you decrease your chances of finding a tenant. 

It depends on your goals and risk tolerance, well and the numbers.You'll definitely be able to scale faster by utilizing leverage via the BRRR method, but you'll decrease the monthly cashflow from this property and you'll now have a loan to pay every month.

People stop building in flood zone, stop rebuilding in hillsides with brush and timber6. as you say investors give up and dump properties making prices of real estate decrease but hold costs only for the rich. 

Hi Ethan, I believe the primary way to decrease house prices is by increasing the housing supply.

Opt for an interest rate of 9.125%, which would result in decreased cash flow and a larger payment amount, with a lesser contribution towards principal.