Some Details:4bd/2ba (3/1 upstairs and 1/1 downstairs)2,200 sq ft (1,100 upstairs/ 1,100 downstairs)Value: $410,000Equity: $90,000Interest rate: 2.2%Potential rent as a 4/2 (per a local property manager): $2,900 x monthMortgage: $1,900We bought a below grade flip ( basement was bult down hill to a stream) in Seattle where it occasional rains.

A portion of your wealth needs to be aggressive to beat inflation.If you do the above exercise you will know how much is enough for your situation.Insurance- the worst thing you can do to your family is to be mid stream in a deal and die.  

A lovely cabin on a trout stream that I probably paid too much for - $240,000 then. 

If I understand options 1 and 2 correctly, waste area is land not suited for farming or development, but keep it for hunting.. ie streams, wetlands, etc. and for home property, search for properties with homes on I can rent, but subdivide off the large acreage for my own use?

This person should have a teacher's heart and be able to connect you with the other members of the team you will need like investor friendly contractors, inspectors, lenders, and so on.In your position, and frankly all of our positions, you want to live below your means and have as much free working capital to invest, give to causes you care about, and save for emergencies.Then, look to add income streams by renting rooms to others or spaces for storage-even if you rent. 

@Rick Recker Given their high W-2 income, debt-free position, and goal of reducing future taxes, the best move is to front-load deductible expenses and convert assets into tax-efficient income streams.

“[If the shutdown persists, evaluating how the economy is performing] could become more challenging.”But, absent their traditional data streams, there are some approximations and alternate data sources we can use from the private sector.

It gives you more flexibility, spreads your risk, and can create multiple income streams right out of the gate.

Partials can be great if you price the yield right and lock protections tight: buy a defined stream of payments with a clear first-loss/recourse waterfall, recorded assignment, third‑party servicing, and a reversion clause if the payer defaults or pays off early.

Format: Streaming video for each lesson.