I believe that this is how most people could and should get involved in real estate.

With the reverse mortgage and estate involved, patience and precise numbers are key.

Owning your primary free and clear with young kids gives you flexibility most people don’t have.A couple things I’d think about in your situation:First, get clear on how involved you want to be day to day.

Certainly unfortunate for the tenants and LP's involved.

So, you will face 12 months of seasoning in 99% of owner occupied scenarios involving taking cash out of the property.  

A penalty tax is assessed equal to 15 percent of the amount involved in the prohibited transaction.

This involves extensive dirt grading work and retaining walls (with railings sometimes) which together are very expensive.

Interested in connecting with other professionals, those involved in property sourcing, and potential partners to explore investment opportunities.Proven Track Record: In 2015, I strategically acquired a commercial corner lot to house my operations.

I'm not doing too much in Florida these days, just lightly involved (hands off as an LP) in a multifamily property in Jacksonville. 

For out-of-state or first-time Midwest investors, Class B is usually the sweet spot — fewer tenant and maintenance surprises, more predictable management.Most of the deals I’ve helped structure in West Michigan have been B or B- pockets, specifically to avoid the hidden costs that often come with Class C (turnover, collections, deferred maintenance).Having experienced local management involved early makes a huge difference in underwriting and execution.