For me, I would want them to OWN real estate because an unpaid judgment could become a lien on that and eventually force payment.

Interesting data - I still wonder where the western NC second home market is going to settle out from all of this.100%+ price increases since 2019, prices seem down a little from the 2023 peak, but it also looks like a seller's strike in the market I'm occasionally looking in.Not that many listings, still elevated prices, and properties either get pulled after 3-4 months or there's a grindy sales process and eventually someone buys for a little less than the previous comp.

With the right plan and eventually the right manager in place, the role shifts from daily work to oversight and capital decisions.I’m currently working through a phased campground development from the ground up and learning a lot along the way.

Is it building passive income to leave your W-2 job eventually?

Eventually, low inventory and high direct mail costs pushed me to explore other strategies.2019–2021: I Began Cold Calling & Virtually Wholesaling: When skip tracing became more affordable, I scaled into several virtual markets and leaned heavily on cold calling.

@Lacreasha Green  For smaller deals in my area (VT), I used local banks and worked with the commercial lending department.One deal was $50k purchase, $25k rehab, $110K ARV.  20% down and the bank provided the remaining purchase + rehab funds, and when the rehab was complete, it automatically converted to a regular commercial 20 year mortgage. 

Also verify if it is a legal MFH as some just converted them but not correctly. 

If it’s still crickets after 7–10 days, change one variable at a time: photos, headline, concessions, or pet policy; if leads come in but don’t convert, it’s condition-to-rent gap, not marketing.

So you WILL cashflow eventually but go into the property expecting not to cashflow now.

Perhaps you have a unit coming up for rent, and you could dip your toe in by converting it from an annual rental into a STR.