I wonder how much of this could have been avoided if you were still living in Billings? Ok. So totally off topic, but did you ever ski in Big Sky? I didn’t know you’d lived in Billings before, but I love skiing in Big Sky!
Pay cash for everything and have a comfortable savings safety net as well. I wouldn’t do it unless we knew we did everything with cash reserves as well. I wouldn’t want to find us in a desperate situation to find a tenant. I also like the idea not to buy property in an area we would not choose to live in ourselves. That is a very good point, Betsy. This would be the final step to what I think is our laddering of building passive income in our quest for financial independence.