Replace Your Salary with Rentals: Action Checklist
Follow Remington Lyman's exact steps to build a cash-flowing rental portfolio from scratch.
Based on: My Job Laid Me Off, So I Replaced My Salary with Rentals by BiggerPockets
Follow Remington Lyman's exact steps to build a cash-flowing rental portfolio from scratch.
Based on: My Job Laid Me Off, So I Replaced My Salary with Rentals by BiggerPockets
What would you do if your job disappeared tomorrow? For most people, that question is terrifying. But for a small group of investors, it's actually the moment everything clicked. That's exactly what happened to Remington Lyman — and his story might be the most important thing you read today.
You're putting in the hours, delivering real results, and what do you get? A 2% raise. As Remington pointed out, that's barely inflation. Meanwhile, your company is capturing the full value of your effort, and you're left wondering if this is really all there is. The math simply doesn't work in your favor when someone else sets your ceiling.
Now picture this instead: your rent, your groceries, your family vacations — all covered by rental income you built while still working your day job. When Remington got laid off from JP Morgan, he didn't panic. He had already quietly built 10 rental units on the side starting with just $7,500 and a duplex he house-hacked with a roommate in Columbus, Ohio. By the time his employer showed him the door, he was already free. Today he owns over 100 residential units, four commercial properties, and a real estate brokerage with 45 agents — and he makes in a single commission check what JP Morgan paid him in a year.
The BiggerPockets podcast has been the go-to resource for serious real estate investors for over a decade, and this episode with Remington is one of the most practical, step-by-step investor stories they've ever featured. Remington isn't a guru selling a course — he's a regular person who learned on YouTube, cold called landlords from his work desk, borrowed $10,000 from his mom, and figured it out deal by deal. His strategies — house hacking, the BRRRR method, 1031 exchanges, triple net commercial leases, opportunity zones, and medium-term rentals — are all legal, repeatable, and accessible to anyone willing to put in the work.
This checklist distills every actionable step from that conversation into a clear, structured PDF you can follow from your very first deal to your hundredth. No fluff, no theory — just the exact moves Remington made, in order, with the details that actually matter. Use it to stop scrolling Zillow and start building the kind of portfolio that pays you whether you show up to work or not.
Every checklist item comes with actionable notes to guide you — things like "Don't forget to do this before you start," "Avoid this common mistake," or "Set a reminder for 30 days out." Nothing vague, just clear next steps.
+ 33 more action items inside...
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