With that little gold mine, you are a step closer to finacial freedome.

This stems off a question I asked the other day and got some great answers.I'm wondering what the (LA County) costs and process might look like for all of the permitting, creating a new street address, new water, new waste, new power lines, and having a driveway carved into the curb.When doing these things with the City/County - Do they take many months to make happen?

It's not our usual practice, but we have done this a couple of times with vendors - both times we put up a large ernest money and made a portion of it non-refundable - but these were exceptional circumstances.We have not done this with a power-of-sale or bank-owned property, nor would I have any expectation they would allow it to occur.

@Justin Trudellnot sure if I understanding your correctly, but if you continue to participate in your company 401k, unfortunately you will not be able to move it elsewhere, it will remain there...The excess of contributions you can direct into SD IRA and with those funds you will have the freedom to invest as you wish.

The inspector only does a visual inspection for loose paint chips , so I will probably just power wash with tarps down and spray on some cheap paint where necessary .

It can keep me on task I think better, and right now all the freedom is great, but the issue is you do have so much downtime, it is actually bad and I think I get lazier because of it as opposed to if I had something else to keep me going!

However when I started doing my financial freedom calculations (get out of the rat race, ala Rich Dad) I realized a big number of that included my student loan payments and other debt.He answered quickly "pay off debt" before investing in the podcast, but then followed it up with a great answer on the podcast page.

But I will tell you that I could show you how much more effective and powerful REIFAX is compared to Zillow and RealQuest!

That includes cleaning up the mold, painting the floor and walls, and inspecting the HVAC (which works because the power is on)

Douglas,We've developed some economies of scale and definitely a lot of buying power with our contractors due to the number of renovations we do, but I would assume our model ("contract everything out at the best price and highest quality possible") is very similar to your business.