Quote from @Jessica Yuan: Hello everyone, I'm looking to buy my first rental property and when I was reading Dave Mayer's Start with Strategy book, he mentioned a very interesting point: "one approach that I personally subscribe to is to focus on equity growth early in your career and then shift the balance of your portfolio towards cash flow later.

I’d love to hear how you’re balancing flips and rentals while keeping momentum. 

Outsourcing and balance is key.

What are you trying to achieve, when, and how much work do you want to put into it?

Not sure of laws in MD, but generally speaking...We use a debt collections agency for unpaid balances.

That kind of balance between protecting your investment and being fair goes a long way in building a good landlord-tenant relationship.Also, great call on using this experience to inform your lease and management approach going forward.

This is the only way I can achieve my dream of buying a property every year till I have 6.

I could also potentially pull $100K instead and try to still do a owner occ loan and get a $5,361 monthly.I'm unsure of my goals now as it really was to achieve financial freedom with semi-active/passive income build-up but the thought of being able to leverage the cash is very intriguing to me.

For me, It’s more than managing properties, it’s a personal balance of fun, precision, and heartfelt dedication.

There's a lot of good opportunities here to achieve good returns if you know what areas to target.