What next?

[Joe Miller]

Hello BP.

First off, a general thanks for the support given a few years ago as I progressed into real estate investing.

Here is my story and what I am looking for. I have 5 years left on HELOC at which time we could easily retire (could do beans and rice retirement next year). Three rental homes with mortgages. I've searched a little bit for next rental property but think the deals I am most comfortable with are more difficult to find. My focus as well as the focus of my local mentors has been smaller single family homes. It might be wise for me to stick with this market.

I'm in my mid 40s and questioning what direction to aim.  Having 3 homes is very manageable.  But I'd like a new project, certainly would enjoy more income, and would enjoy learning new skills.  Things I've considered are below:

Motel- around here it would likely be from scratch.

multi family properties- many directions to take this in.

Commercial- buy existing, buy and develop, redevelop?

So my questions for the BP community, how could I best approach and learn about these?  My guess is paying attention to the mathematics mentioned in real estate books becomes more important.

THank you for your assistance.