Means you don't have to pay out right away and they get well paid out of what is produced.

If/when you get licensed, you will be reprogrammed with this as part of your continuing education requirements on a regular basis.I am going to purposely avoid answering.

Would also give me long term income, as I can't work a "regular job" and only have my rentals as my income until Soc.

When you aren't a top producer it's just hard to turn down listings, even if the code of ethics says you should.

If it's a regular tenant and you are the landlord then it depends on a ton of factors.

It's a salaried job, probably doesn't pay great but you get experience on screening tenants and how to fix minor problems or how to hire folks to fix things and the prices for them.Don't forget the old fashioned get a regular job you are good at save your money and buy a rental.

It's a regular cost of business.

Being able to have the property in "retail" or "flip" condition can be a good strategy....but, usually, if it isn't producing revenue....I'll defer it until I am ready to sell.

If you pencil out the number you might find that it makes more sense to rent your residence and use your capital to invest in income-producing real estate in other markets.

In the example, the author has a goal of owning 9 free and clear properties that each produce about $11,000 in income.