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Delve into the captivating world of real estate with Jim Sheils, a full-time real estate investor with 24 years of experience and a fascinating journey of mastering the build-to-rent strategy. Jim shares insight into his lifestyle of working and adventuring, his family education company 18 Summers, why retirement does not interest him, and his advice for investors looking to get involved in building to rent properties. Learn what areas are best avoided when investing in rental properties, the pros and cons of specific designs, the importance of due diligence in property insurance, and much more.\xa0\n\xa0\nTune in now and understand why building and renting properties can be a great way to generate income!\n\xa0\n[00:00 - 07:17] Journey From Real Estate Investor to Build-to-Rent Strategy\nIntroducing Jim to the show\nWhat keeps him going is the "how" - the ability to work and play from Costa Rica, spend time with family, keep up with health, and take adventures\n\xa0\n[07:18 - 14:55] Making Build to Rent Deals Work\nFocus on high-growth markets with population growth, economic growth, affordability index, and desirable factors\nProperties are B+ class with extra finishes like vinyl plank flooring, granite countertops, etc.\nGo for established neighborhoods with a good mixture of renters and owners\nHave to go to designs for different areas based on hurricane safety and aesthetics\n\xa0\n[14:56 - 24:22] The Importance of Due Diligence and Property Insurance\nOwning too many properties can be a ten-year ache and pain\nInsurance costs have gone up in Florida, but vary by area and age of home\nNew construction is rewarded with lower insurance premiums\nDue diligence is essential: visit the site and do market analysis\n\xa0\n[24:23 - 27:48] Closing Segment\nBest investment: Jim's family life\nWorst investment: Jim's first properties in Jacksonville, Florida\nThe most important lesson learned: play to your strengths, not your weaknesses\n\nQuotes:\n\xa0\n"We always try to go to high-growth markets. We're only focused on Florida because we believe in the fundamentals here. We believe in the landlord laws here, which are super important when investing. You've got to be able to collect your rent." - Jim Sheils\n\xa0\n"If I could go back 24 years, I'd own less property, a better quality with less leverage." - Jim Sheils\n\nConnect with Jim!\nBook: Passive Income Playbook\nWebsite: https://jjplaybook.com\xa0\n\nApply to Invest with Taylor at www.investwithtaylor.com\n\xa0\nTrack your wealth for free with Personal Capital, go to www.escapingwallstreet.com\n\xa0\nPlease leave a review and help others escape Wall Street and build wealth on Main Street!