Creating supplemental passive income through smart rental property investments is a powerful and realistic goal and you’re taking the right first step by educating yourself early.Since you mentioned you're leaning toward rental properties with variable rent lengths, that opens a lot of flexibility.

I recommend talking with an experienced load broker who can help educate you on the details of DSCR loans.

You can also find motivated sellers on Facebook Marketplace or Craigslist, but you will want to do some additional research before putting any kind of funds or real time into that deal.Note: This information is for educational and informational purposes only and does not constitute legal, tax, financial, or investment advice.

I've been educating myself with Ken McElroys books 

I don't think you're making a mistake, although I guess it depends on the specific regulations and laws of your state.Becoming an agent forces you to learn the fundamentals of real estate law and theory which is a solid foundation for your education as an investor.

It can make sense if you're confident in the investment and plan to repay the loan quickly, but it’s riskier if the deal is uncertain or your job situation isn’t stable.Note: This information is for educational and informational purposes only and does not constitute legal, tax, financial, or investment advice.

That is a hard rule and if the patter holds true and the tenants do cause problems later, you will be in trouble for requiring more, which can hamper your ability to recover and even affect the timing of an eviction.Note: This information is for educational and informational purposes only and does not constitute legal, tax, financial, or investment advice.

They go into the asset protection and tax mitigation strategies that come with real estate and other business ventures.Note: This information is for educational and informational purposes only and does not constitute legal, tax, financial, or investment advice.

My current work centers on evaluating value-add and stabilized deals with strong operational upside and in-place cash flow.My background includes building multiple successful businesses in the fitness and education space, which taught me the importance of systems, strategic execution, and building high-performance teams.

Note: This information is for educational and informational purposes only and does not constitute legal, tax, financial, or investment advice.