#326 - His first property cost him $58 out of pocket, and now he's financially free - Dr Alexander Schloe

What does it actually look like to walk away from a full-time medical career without giving up income? Joining us in this week's episode of Living Off Rentals is a family medicine doctor and former Air Force physician who now practices medicine on his own terms, all while investing in real estate. Dr. Alexander Schloe specializes in working with doctors to adopt real estate investing strategies that allow them to not only rely on their income as physicians, but to also have the flexibility to live life on their own terms. Listen as he shared his journey built on smart real estate moves, starting with a single property and growing into multiple income streams, including short-term rentals and residential assisted living. If you want to build a life of freedom beyond a high-paying job, this episode is for you. Enjoy the show! Key Takeaways: [00:00] Introducing Dr. Alexander Schloe and his background [04:27] How his first property cost him just $58 out of pocket [10:13] Why he shifted from short-term rentals to assisted living [12:53] The deeper reason behind choosing senior housing as a niche [17:04] 4 ways to invest in assisted living [22:15] What makes a property ideal for assisted living conversions [26:52] Real numbers: costs, rents, and cash flow potential [28:51] The reality of vacancies, licensing, and startup timelines [31:41] Managing the backend components of assisted living [33:46] How he helps other professionals get started [35:58] The biggest shift: mindset matters more than strategy [38:53] His long-term vision [40:00] Outro Guest Links: Website: https://theralroom.com/  Show Links: Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals  Living Off Rentals YouTube Podcast Channel - youtube.com/c/LivingOffRentalsPodcast  Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals  Living Off Rentals Website – https://www.livingoffrentals.com/  Living Off Rentals Instagram – instagram.com/livingoffrentals  Living Off Rentals TikTok – tiktok.com/@livingoffrentals