As the nurses strike here at the UofM hospital system, I understand this is not an isolated problem.Support your decision to become financially and career independent with real estate.Recommend focussing on the BRRRR method and you can find great resources on that topic here on Bigger Pockets.There are properties that cashflow strongly and fit the BRRRR criteria within an hours drive of my location in Ann Arbor, MI.You might look within that radius near you for these properties.Find an investment friendly Realtor with relationships with wholesalers, property managers and contractors to make this experience sustainable for you and your family.Happy to help!

You've probably heard of big Landlords losing property, but only because they were flagrantly violating Fair Housing, running a slum, or otherwise violating the law in an egregious manner.

On top of that divorce for women is rewarded - good chance of alimony and more child support that was was necessary to sustain the same life style as before. 

I am not keen on the education sellers loading people up with credit card debt.. simply because the failure rate in real estate like we all do it is so high.. its less than 10% of the folks reading this or education themselves in any manner will go on to be successful flippers ..Now buy and hold yes anyone can do that.. takes no special education other than ability to understand how to be a landlord and understand expense and income statements.But wholesaling which is really just selling real estate without a license  ... failure rate sky highflippers same thing.. takes a bunch of capital to really do it well and you have to have a market that is receptive to it..

@Kezia Edmonson in addition to the comments above if you really like the tenant I would give them some pretty advanced warning and communicate the goal is to raise rents in a fair manner to the tenant.

>60,000), or Midwest cities that have experienced sustained growth such as Des Moines, IA, Madison, WI, etc. 

Hoping to do a light rehab, and rent out in a more traditional manner.

An NOL created by a cost segregation study, however, can be carried forward and used in the future in the same manner.

You don't want to burn any bridges by miscommunications or not properly addressing resolution paths, buy-outs, exits, etc. in a legal manner on paper and signed by parties.

the 25% is actually a buffer, let's say tomorrow there's a financial crisis, and the bank can sustain their losses with 75% LTV.If you only put 5% down, it gives an advantage to you and very bad business to the lender, just think about it.