I'll be 45 next month.option A) Kiyosaki Model: Don't sell and run either long term or short term rentals through it for a year to show income on the property than pull a $300k mortgage on it to build another house in the same neighborhood... repeatoption B)  Ramsey Model, Sell it for $600k.

To take it a step further we have been taking loans from our 401K’s to help support down payments on rental properties.

I’ve been a real estate investor since 2015, owning and managing multiple multifamily properties and running a short-term rental business in Cape Cod, the Lakes Region of NH, and the Berkshires.

Rich Dad, Poor Dad is a great mindset shift, and The Book on Rental Property Investing is a solid next step! 

Long-term, medium-term, or short-term rentals? 

Make sure to factor in insurance (slight change as rental), property tax (in our market is 2x a primary res), vacancy (3-5% in most markets), capex (old roof?)

We mostly buy rentals but will do an occasional flip in a market with strong sales comps.The markets buy in are DFW, OKC, Tulsa, Houston, Little Rock, Memphis, San Antonio and Birmingham metros. 

There is nothing that could happen at your rental that wouldn’t be your fault for not preventing, curing, fixing.

I did market analysis to find the right rental rate.

I have a w-2 income and own three properties, all long term rentals, that I've had for a few years.