While it offers a valuable starting point for understanding the market trends, it may not capture the full range of price fluctuations within that area.

This strategy requires a good understanding of the local market and renovation costs.Real Estate Partnerships:Form partnerships with other investors to pool resources and invest in larger real estate projects.

They are entirely workable, but you really do need to understand them to approach this topic with the right mindset for success.The best way to truly get educated will be to get on the phone with an expert like @Dmitriy Fomichenko or a similar provider of checkbook IRA programs. 

We understand that real estate transactions can be complex, especially when family is involved, so any advice or personal experiences you can share would be incredibly helpful as we navigate this journey.Thank you in advance for your insights and assistance!

However, it’s essential to understand the tax implications and ensure that the financing strategy aligns with your investment goals.

By the end of this article, you’ll better understand these various strategies and be better equipped to choose the one that best suits your financial goals and investment expertise.If you’re confident about your next investment strategy, you may want to jump straight to the investment, in which case you may be looking for funds.

However, if the thought of increased debt and the impact on your 401(k) causes significant concern, Option 2 offers a more conservative approach, allowing you more time to save and make a more informed decision after understanding the HCOL area better.

I am using formulas found on BP and I understand they're just a baseline but it will take some time to learn how to squeeze those numbers depending on the deal. 

Awesome job Ken!

Most of which is understandable but a lot of times it also comes off as you're wasting their time.