If you had told me what I now know is overwhelmingly true, that somewhere between 80-85% of America's millionaires are self-made and do not become net-worth millionaires until they hit their fifties, I wouldn't have believed it, I would have thought there was some trick to the statistic.I know better now.

Thanks to plenty of smart people here on BiggerPockets, I have learned that it may be possible to offset a portion of this unexpected higher W-2 income with the purchase and "active management" of a STR. 

A lot of people don't account for all of their expenses and think something will cash flow that actually doesn't.

But yeah wow, then people don't really have to get active income from flipping business or something like that if I do cash out refi well. 70k is when coming from my pocket. 

Shana - first place to start is having the conversations with people you know in the real estate business and see what advice they have to offer.

How can I get an FHA Loan for an auctioned home when FHA Loan requires an inspector to come check out the building and auctioned homes generally don't allow for people to inspect the house until after purchase? 

If you are only buying creatively or with private money I hear good things from people who use them.

A lot of people prefer "simple" agreements, but truth is, there is a lot of moving parts in the property management business, and the PMA should take this into account. 9) Access for communication.

Unless you're filing the tax returns yourself (not possible to e-file a partnership return if not a preparer), then the cost is usually a large barrier for a lot of people as they're starting out.

Because it takes repetition for people to remember things and you have to be top-of-mind when they encounter a potential client for you!