Hitting either number is tough for most people.AdvantagesNear-instant liquidityEasy to start with small amountsValues are simple to trackDisadvantagesYou must consistently beat inflation and ride out crashes for your drawdown period, which even the best money managers are unable to do.Allocate time to monitor the markets and reactLimited tax advantages, little or no leverageMonthly withdrawals reduce principal and make diversification more difficult.RentalsWith rentals, my goal is to own enough properties so net rent replaces my paycheck.

Suggest you monitor the media feedback during the NFL Draft this weekend - which we expect to be very positive!

Here are a few ways I use them for long-term rentals:Tenant Communication: handling inbound calls, screening applications, scheduling showings, and following up.Property Management Support: coordinating with contractors, managing maintenance logs, and tracking work orders.Back-Office Work: bookkeeping, updating QuickBooks, rent collection records, and reporting.Marketing & Listings: creating property listings, posting on rental sites, and monitoring inquiries.The biggest success comes from training them on your exact systems, not expecting them to build it for you.

Heloc's also require a monitored DTI debt to income of the bank/lender holding the heloc could reduce or close the account due to excessive trade lines causing a shortage of fund on the purchase or repairs or renovation after the purchase.I have seen multiple homes sold this year that they had a first mortgage and a Heloc and the home sold for less than expected causing a problem with profits and in a few situations caused the home to not sell due to the seller getting lower offers and not able to pay off both mortgage and heloc.I offered a few things to keep in mind and mentioned to reach out if he had other questions.

From what I’ve seen, the deciding factor is usually a mix of all three, but in different weightings depending on the seller’s situation. 

Depending on a weighted factor Sparefoot will show you as a recommended location for an area, you might even be 15 miles away, but if their algorithm says you're the best then you will show up at the top or closer. 

There is no perfect solution because AI can't be programmed to do it - people are involved and people need to be CONSTANTLY trained, motivated and monitored!

I actively follow real estate news, monitor market conditions, track economic trends, and listen to the BiggerPockets podcast, of course!

Focus your brain on the fact that QuickBooks is just a piece of paper on a monitor, and your keyboard is your pencil. 

ICE Mortgage Monitor showed 1.1%.