what would you do in my position?

[Mauricio Montenegro]

Hello

I am currently under contract on the sale of my Home and I am looking to make 45k in profit.The property is in Cutler Bay Fl.

Additionally I have about 30k in cash, total 75K .

My Plan was to buy multiple SFH under 60k each ( figure I could put 15k down payment on 3 or 4) in Columbus or Dayton OH, and use a property manager.

I currently live in Denver CO I'm under contract for travel work in the medical field until MAY, Soo I will be sitting on some cash and don't want it to sit in a savings account...

Any ideas on to what would you do in my case? my end goal would be to have enough rental income to quit my traveling job.

[Thomas S.]

I would strongly advise against SFHs and properties in that price range. They are more work than you can imagine and not for someone without the time and skill to manage.

I would advise investing in a multi unit in a much high price range that you can purchase with leverage. You have enough cash to get into a much higher quality property with far fewer management headaches. Use 50K as a 20% - 25% DP and use leverage to your advantage. Hold $20K as your reserve funds. If you can live in one unit of the property you can put far less down as owner occupied and purchase a larger higher quality property. More doors means more financial security. Do the number, leverage is the wise financial path to growing a business to success.

Having a PM des not mean you do not have to manage your investment.