Note; Under any/all move out option(s) A, B and or C, resident will be held financially responsible for all cleaning and damages in accordance with the lease and is required to pay all rent, utilities and other obligations even if moved out before a new resident is found or end date of lease.

Option 1) is more for guys like me with wife and kids who would like to invest but not rock their financial boat.

I hate doing financial modelling and found a pretty good/detailed fillable sheet here: https://www.eloquens.com/tool/zQBT7a/finance/real-...It's not the prettiest, but it shines a light on what your ROI and IRR look like.

My goal, like many others is to gain financial freedom.

From seeing the area boom over the last few years, and even just recently has put me in high speed action.

“Financial freedom is my only hope”

He is now 5 and will be starting kindergarten in the district in the fall so that's a huge incentive for us to stay and continue to rebuild financially.

I personally feel like there’s a lot of opportunity for that in the Frisco /Little Elm/Plano/Colony area.I want to obtain financial freedom by obtaining property to buy and hold and rent out to section 8, eventually.

@Roy Gottesdiener i think you should seek a legal and financial advice to ask a about your situation and start from there.

If you’re making $70k and have the self-awareness to understand where you are financially and where you want to be - you’re better off than many with just pipe dreams.