After speaking with a few friends and realtors, I've been advised that the West End, East Atlanta Village, and East Lake areas hold great potential, particularly for higher rents and positive cash flow (>$2,800+).

He put it the market and the real estate agent advised him to add a closet to what had actually been a bonus addition to the two bedroom one bath house. 12 years old at the time my father asked me to give it a try.

Hi Holly, I actually don't believe that it is best to sell in April or May as you were advised. 

Please share your advise/opinion on a possibility to utilizing the space.I’m also thinking about upgrading the basement but not sure where to start.

Please advise me.Thank you,Tiese

Hi Carlos,Thank you for the great advise!!

But, for me at the moment, it's building a good team around me to help advise on next steps from sourcing to financing and closing.

These provide stability and regular income, which can be crucial in retirement.Cash: 5-10%Keep some liquid assets for emergencies and short-term needs.Consider these additional points:Diversification: Spread your investments across different sectors and geographic regions to reduce risk.Tax efficiency: Consider the tax implications of your investment strategy, especially with your high net worth.Regular rebalancing: Adjust your portfolio periodically to maintain your desired asset allocation.Professional advice: Given your high net worth, it's advisable to consult with a financial advisor who can provide personalized recommendations based on your specific situation and goals.Risk management: Consider your risk tolerance and adjust the allocation accordingly.

Unless you have extensive time and experience managing Section 8 rentals, it is not advisable to self-manage them.Did they send you pictures of the holes in the floor?

Its really going to come down to multiple factors, including your personal situation/strategy but it appears you are definitely thinking about things in exactly the right way.I'd say since it doesn't seem to be an "urgent" need - I'd advise talking to some lenders and since the rate environment is still moving quite a bit, settle on a interest rate / points combo that is "your number" and when market rates move down to that point - have the lender contact you and get ready to go, and just wait until that occurs