This is where business is going in the next 3-5 years.

Carlos - I think this depends on your perspective of where rates are going to go.

On the long-term rental side, I'm not exactly sure where your house is, but getting over $3,000 a month right now is for homes that are on the high end and in really nice neighborhoods.

I've seen some businesses that have done this in the past where it was an oil change business and it was converted into a coffee shop or restaurant.

The IRA owns the LLC and you can act as manager.In both cases, there is a legal entity under the umbrella of the plan that you control and use to invest, without the need for 3rd party processing and per-transaction fees.On the investing side, the 401(k) offers one advantage, which applies in the case where you might use mortgage financing for the plan to purchase a property.  

I wouldn't do it as a landlord but it could be a strategy in areas where tenants have difficulty coming up with rent and deposit. 

I am currently at a stage where I have quite a bit of cash saved up but I am at a limbo where I am considering if I should keep on saving and learning, or if I am ready to start taking the next steps. 

I am looking for any advice on where are next steps should be, and would specifically ask if there is anyone out there with experience in the space that would be willing to share their experiences and any tips/advice.

where do I start.... new paint, multiple fixes throughout the house, updating kitchen/bathroom, landscaping landscaping landscaping.

That's where I could use your collective wisdom.