Very few people have strong mind to guide people at initial juncture.The other plan is to develop the property in to Outdoor Paint Ball Arcade ??

If your return is approximately that of the S&P 500 - around 10 percent annual - you will have a nice sum of $280,000.On the other hand, let's say you buy a $500,000 cabin with 20 percent down ($100,000), on a 15-year note. 

I believe it's due to my limited connections, and the people around me are also new here.

Real estate is a long game, and getting a good asking price when the demand isn't as competitive because most people have similar thoughts to yours - might be worthwhile to take on the investment.

On the other hand, if you've got liquidity in the IRA it needs to be working for you.

Quote from @Cody Miller: I have been in my home for 7 years and have accumulated some equity and wouldn't mind using this to buy a rental Most people will recommend you cash out some of that equity and use it to purchase a rental.

People do it all the time actually.

Understandable.Yet in many cases, people with disabilities are often placed in the same bad bunch of apples posed by those who simply run into financial issues.I've even heard people say, they're reluctant to rent to people with section 8 due aTo the assumption, we will neglect our property.

I am only 1.5 hours away and I want to be hands on- my strategy is to scale quickly so I am looking to BRRR.

In my research when I initially wondered the same questions about whether I should my properties in one or not (or in several), I came up with the conclusion that it's not the 100% asset protection most people think it is in a lot of cases.