Conducting thorough due diligence, maintaining a healthy cash reserve, and obtaining adequate insurance can mitigate these risks.The Road to Financial IndependenceReal estate investing is not a guaranteed path to wealth, but for those willing to put in the effort to learn and grow, it offers a viable route to financial independence.

Are the reserves for future repairs healthy?

My husband is active duty navy so we understand the military lifestyle.

I have a overqualified tenant who is getting a healthy pension income each month.  

Her income, Social security $1500 (by the way she's 30 years old and looks perfectly healthy) and child support $1000 does meet our requirement. 

2)Yes, not only is visiting the property a healthy exercise, but also getting some preliminary information, good wide shot high res photos,perhaps a small video of the property, a copy of the scope of work, any permits or permit inspections.

Market conditions are,however, improving, with roughly $2.1 billion worth of properties changing handsyear-over-year through September.Chicago’s real estate market is healthy in other respects.

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the lifestyle to which we have become accustomed.  

So as long as we have a healthy portfolio, income, and DTI at that stage I do not see why we cannot keep going.