For a $350K property, a rough estimate of the mortgage payment (with taxes, insurance, etc.) could be around $2,500/month.

Especially in parts of LA where it could be 80/20 land over all property and then 80/20 for the adu, leaving you closer to 90-10 or 95-5%.

Having the right team in place can make all the difference!

I actually made the transition to doing more wholesale deals about two years in because I got tired of all of the wholesalers in my area taking my investors away from me lol!

I agree with @Kyle Luman that if all of your wealth is in an IRA it would be difficult to retire early.Having said that, it is still possible to access retirement funds early.

You're definitely off to a good start by reading and watching stuff, but nothing beats getting your hands dirty with real experience.My best suggestion is to jump into local networking—find real estate investor meetups around Long Island.

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

within 2 months all issues are settled and fully rented.

In other words is this a wrap around being proposed? 

@Bala Nagarajan  The marijuana smell just sticks to them even when they are just around it.