Maintenance and potential repairs will also require a long-term financial plan and setting aside a contingency fund for such expenses.The steady cash flow, appreciation over time, and tax benefits can make a meaningful difference to your wealth in the long term, especially with the principal paydown on the mortgage.However, if managing the property from a distance feels too burdensome, or if you’d prefer the certainty and flexibility that comes with having less debt (especially given the high mortgage rates), selling and using the $100,000 in equity to reduce your loan for your next home may be the smarter move.

However if I was an agent, broker, GC, etc I do not feel that it would be my responsibility to verify the underwriting.  

Feel free to reach out!

Hope that helps, and feel free to reach out if you want to dive into this more!

Feel free to ask any questions here in the forums and I'm sure some of the amazing hosts in here will be able to help at anytime. 

from the little I know and its only because i have brokered 50  100 unit apartments the buyers are quite sophisticated and have a lot of cash and have their lenders lined up.. 

We are going to look at a 5 room apartment building next week for STR and MTR use.

I stopped at the "right" part.You need to start interviewing PMs in Austin, getting a feel for prices to renovate(hvac, water heater, floors for material + labor, etc.).

I know an investor in Minneapolis that specializes in this feel free to dm me.

Don’t stress about perfection—choose what feels right and move forward.7.