Quote from @Michael Dumler:
@Vernon Huffman, the answer to these scenarios is that it always depends on many other factors/variables. What's your age? Are you risk averse? Do you hold other assets? Do you have experience with real estate investing? What does your DTI look like? Are you considered an accredited investor? Etc. If you're predominantly focused on cash flow and have a high-risk tolerance, considering cash flow strategies such as rent-by-the-room, short-term rentals, or medium-term rentals is likely the avenue. If you're new to real estate and are risk averse, strategies like house hacking and long-term turnkey rentals in B/C-class markets are worth exploring. Based on how you answer the questions above will dictate the responses from other BP members.
Thank you for the reply. I am 42 years old. Willing to take a little risk, yes. We currently own our home and land. No experien ce in RI yet. Though we've been in the analysis paralysis phase for a year now. I make $100k a year and only have one vehicle payment for total debt.
We we're thinking long term buy and hold SFH's. Or the 4 unit multi's etc.
