Best Capital Allocation Choice

[David Cornett]

Looking for feedback on best allocation of capital. Goal is to grow the number of doors , for long term cashflow.

Currently have one cash flowing unit and a primary residence. (SFH)

Looking to deploy approximately $25,000 - $30,000.

Option A - renovate and upgrade current primary residence with roughly $15,000. (Although it’s in good condition and rent ready as is).

Take remaining capital and purchase another SFH to now live in, turning previous into rental.

Option B - investing all capital (including saving 3-5k for reserves) into a turnkey property out of state.

Option C - continue to analyze and save enough for a small multi-family property.

Additional info: I’m a W-2 worker , and law school student, free time is not something I have in abundance.

What would you do?

[Brian G.]

Option D - house hack a 2-4 unit if possible 😊