The ability to take meaningful action is the defining factor for the successful.For example if you are overweight, you can read 100 books, listen to 1000 podcasts and sign up for 10 programs.

While I trust the competency of the investor and his ability to manage this deal remotely (he does not live in WY), I have not lent in Wyoming and don't have a sense of lending laws (do I need to be licensed for a loan in WY?)

I would be hesitant about putting your hard-earned retirement funds on the line until you have a solid understanding of the process and are confident in your abilities as an investor.

This allows me to have cheap mortgage payments, pay down interest faster, have a fluid ability to adapt to market conditions on the fly (very important and financially life-saving during covid or other setback events).

Additionally, investors have the ability to trade assets at low fees in the secondary market easily.Faster Settlement and Reduced Overhead - Tokenization eliminates intermediaries including agents and brokers since the operations are converted digitally and are now automated.Reduced Opportunity for Fraud - No changes can be made to a transaction that is recorded on the blockchain network, increasing investor confidence.Real-Time Pricing Information - Investors can quickly find better trading deals since the paper-based systems where data is shared asymmetrically have been eliminated.Have you utilized Real Estate Tokenization or do you have any properties where you think this could be beneficial?

The ability to create value through sweat equity, seeing opportunity where others don’t or don’t have the drive to go for.

The ability to set up your late fee rules (by unit or universal rules) helps remove a lot of the issues with assessing late fees.

If you use it without compiling debt and pay it off, in the long run this can help you a ton with your credit score and improve your ability to get a loan.

Some goals might be: - Get more organized- Get approved for HELOC- Start searching for rental properties this monthAnd other goals might be:- Close on a rental property - Get lease signed and rental income for first month- Have 10k in reserves for renovation on unit 2(these were all actual things I wrote out and achieved) If im willing to work my butt off, and stay sharp, and SEE that im reaching my goals, it gives me the ability to stay motivated day in and day out.

@Aaron SmithYou normally compare the standard deduction to your itemized deduction.If the standard deduction is higher - you take standard deduction.If itemized deduction is higher - you take itemized deductions.You can compare the two options every year.Standard deduction and ability to utilize the $25K passive loss deduction are not related.You are eligible to utilize the $25k passive losses related to real estate and take either the standard deduction or itemize.However, if your income goes above a certain threshold, you lose the ability to utilize the ability to deduct up-to $25K in passive losses unless you are considered a real estate professional.