If something happened to you tomorrow and you couldn't manage your rentals, would your spouse or family know enough about your rental portfolio to take over? Would they know who the property managers are, lenders, insurance companies, tenants, contractors, where the important documents are, and what needs attention? I'm curious how many of us actually have all of that organized somewhere our family could understand.

How much cash would you personally want in reserves before you felt comfortable owning five rentals?

You get $100,000 tomorrow but there’s one rule. You have to use it to improve your financial position. You cannot leave it sitting in savings. What are you doing with it? Paying off debt? Buying a rental? Putting it into an existing property? Investing in the stock market? Starting or growing a business? Something completely different? Tell us exactly what you’d do and why. And here’s the important part: Don’t answer based on what you think everyone else should do. Answer based on where you are right now.

Tuesday Workshop: When Should You Break Your Own Investing Rules? We create investing rules for a reason. But I’ve broken some of my own and some of those decisions became some of my best investments. Tuesday we’ll look at three real deals where I broke my own rules. Before I tell you what I did, you get to vote: BREAK THE RULE or PASS. Tuesday at 6 PM PST in Skool.