I recommend trying to find something on youtube with visual elements if this doesnt make sense. 

I know with myself as I am 100% RE income I can offset my income in my building business in my lending business etc I dont really have much passive income to speak of compared to income from sale of inventory. 

I think he wants to represent someone and/or at least compare how things went with Emerson. 

:-)  But there is one element of the 4% Rule (or even 5% Safe Withdrawal Rate dicussed on the Podcast): How or when do you account for inflation in your withdrawal amounts? 

With that said, most people would not consider insurance costs to be 'reasonable' compared to the rest of the US - your rates are still going to be more than someone with a comparable home in Iowa.

I know notes are kind of a niche within real estate, but I’ve found they open up some interesting opportunities compared to traditional rentals or flips.

Or do I start at $0 and add elements until there's nothing left?

I don't think investment vehicles can be compared directly"Kind of.... 

Quote from @Noa Lukela: Quote from @Frankie Vozzi: Hi Noa, great question private lending can definitely open doors for investors who want speed and flexibility compared to traditional banks.

Quote from @Melinda Eilts: Over the years, I’ve seen investors run into the same problems when it comes to financing:Rushing into deals without clear exit strategiesUnderestimating holding costsNot comparing multiple funding optionsHave you made any of these mistakes early on?