But certainly the shift in perspective into how more local issues such as local economy and jobs can have a greater effect on an area than a national or global issue is enlightening.They say that all politics is local.

Did you eventually shift from prioritizing flips to long term rentals? 

There were issues with noise from kids, late-night disturbances, and guests getting annoyed—too many factors you can’t control.I eventually shifted to single-family homes in Cape Cod, and that model has been much more effective and manageable.

We do not want that.The custodian’s refusal to share its EIN does not shift the reporting obligation to the individual investor.

You could make money in both, but your odds are much better with the S&P 500.As a local investor and agent, I’ve personally shifted away from the city and focused more on the suburbs.

@Greg Seivert You're absolutely right to question that advice.Just because you qualify as a Real Estate Professional (REPS) under IRC §469(c)(7) does not mean your rental income shifts to Schedule C, and it does not trigger self-employment (SE) tax.Rental income, even when you're a REPis still reported on Schedule E, unless you're:Providing substantial services (e.g., cleaning, concierge, hotel-like operations), orRunning a business like flipping or wholesalingREPS simply allows rental losses to be treated as non-passive, so they can offset other income like W-2 or business profits.

In my experience ROI-wise: Smaller Units > Larger UnitsThe Bali real estate market is shifting - supply is starting to exceed demand, occupancy rates are down, and sales are becoming more difficult.

It’s wild how one moment like that can shift your whole path!

Watching.If you've been sitting on the sidelines, unsure how to start, this market shift is your invitation in. 

The transition from corporate to self-employed life can be a big shift, but the key is to start small, take calculated risks, and build momentum.A few tips as you get going:Pick a Strategy That Fits Your Goals – Are you looking for cash flow, long-term appreciation, or a mix of both?