Let's say you want to make $5k in passive income every month in order to quit your 9-5.

@Alex Rivera Jr.Investing in long-term rentals, like single-family homes (SFH) or multi-family homes (MFH), can be a smart way to build wealth and earn passive income.

Second appraisal came in as a c4 and at 240k value (woohoo 15k equity gain).After two extensions, a litany of repairs, issues with the four point and appraisal, I finally closed on the home 3/29/24.I put 5% down, expecting to get an additional 2.5% back from my realtors commission.

They share a personal account where only rental income is deposited, and I am listed as the beneficiary of their accounts at their bank.Although this is technically a personal account, we still like to refer to it as a "business" account to internally emphasize the necessity of maintaining a clear distinction between these funds and other personal accounts.

If you have verifiable income and the project cost all in less than say 100k, it would makes sense to get a HELOC to fund the deal.

Could you sell it and put the money towards a better income producing asset? 

@Mel Gardner Hi Mel, Transitioning your home into a rental property can be a smart move for building passive income!

Use all those in addition to location, distance to activities etc to come up with your plan.Frankly, your cash flow analyzer should work just fine if it works for your own personal deals.

She came out of a recent divorce with close to $1M liquid and a credit score in the 800's, has history as a successful GC/landlady, but after liquidating her previous rental properties due to divorce 2 years ago, no longer has recent income.

This criteria would imply that this land is near the grid, flat, and underneath the sun.LandWatchSan Bernandino Desert Land 80 acres Price: $58.8k seller finance at 320/monthTaxes $120/year = 12/monthTotal Monthly Payments 332/monthWeb BrowsingRental income from Renewable sites roughly $750-500/acre annual (62-42 monthly)80 acres at $500 annual = 40,000 annual 3,333 monthlyTotal Monthly Income 3,333/monthTotal Monthly Payments 332/monthTotal Preliminary CashFlow 3,001/monthAnnualized ROI 63%The land posting does not mention a down payment so I assumed 30yr financing at 5.25% to get roughly $320.