When people hear “181 doors,” they think rich overnight.

What they don’t see is the stabilization season, the Craigslist tenants, the bad contractors, the reserves, and the nights you want to sell it all and walk away.

In this episode of The Property Challenge Podcast, I sit down with my Inner Circle student (and now business partner) Josh Ethridge from Lafayette, Louisiana.

Josh went from:

• W2 job and frustrated
• No idea what he really had in his home
• Foster care, broken background, and zero guidance

TO:

• Using a HELOC on his primary home to get started
• Acquiring 181 doors in just a few years
• Surviving a heavy stabilization season that would have made most people quit
• Pivoting out of a bad contractor situation and STILL turning the deal into a win

We talk about:

• Why the previous landlord’s stabilization is NOT your stabilization
• How fake “full” rent rolls and Craigslist tenants can trap new investors
• Why your reserve account is your “oops” account
• How to protect yourself from cutthroat contractors (even when they seem trustworthy)
• Coming out of foster care, building legacy, and letting God rewrite your family story

If you’ve ever asked, “What happens after I buy the doors?” or “What if I get burned in a deal?” — this episode is for you.

Hit play, take notes, and then share this with 3 investors who need the truth behind the highlight reel.

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