You'll get a lot of opinions on here, going both directions..Personally, I am ok with zero or little cash flow (but not negative) ONLY IF the asset will certainly appreciate nicely, and within a  period of 2-5 years (just my own rule)But I don't like the concept of having your other assets cover this one, each asset should stand on it's own.Just my $0.02....

There was  no internet for me it was Years of being in the business to learn these not well known techniques and concepts.

Finding the highest and best use for the land is exactly what developers do and if you can get creative in your concepts that's where you'll find ways to maximize returns that others might not see and could allow you to move forward even in today's market and hurdles like interest rates. 

Hey Brian, Paint, Flooring, or knocking down walls & opening up space (like open concept kitchen). 

And that’s another discussion.Allow me to requalify the answer into a set of questions: Are you a person who likes to have insight into their tax situation, optimize their tax footprint, and do not shy from tax concepts?

ADU's are still pretty new concept for it to get a grip on pricing and growth 

Agree with the concept of spending more time searching for deals rather than money. 

Good evening, I am new to this whole forum concept and I am new to rental investing, as in I have yet to secure my first property.

I agree with many others who have said they love the concept, but unless the data has a high degree of accuracy & integrity, it isn't worth the "paper" it's printed on. 

I have 200k in liquid cash (yes this was self earned thru 5yrs of sacrifices and hard work 12-16hr days 7days a week with maybe a month in the summers as break to see family back home, but i dont want to do this forever) My dad and I want to be partners going into these deals. there is a new construction 4plex i am looking to build which will be 775k that i will put 25% down (half me half my dad) which will cash flow net 2k /mo if i rent it out LT (COC of 11% which isnt bad and apparently my agent who recently worked on a neighboring new build said the appraisal after its built is mid/high 800s, also my plan is after 2yrs to REFI at lower rate). i am considering to have 2 of the units as MTR for local nurses or construction crews which of course can increase profits much more. i also have a 3acre property that i am thinking to build small 2bd 1ba cabins and use as STR/MTR/LTR. but i am also wanting to do do STR as i love the concept and have watched Robuilt everyday learning from him. i am looking to buy land in a mountain/ski town (189k 10acres) and build a beautiful aframe and use as a STR. all these property ideas are close by to me so i will have a close look on them and will manage myself. i have just been consuming knowledge endlessly the last 3months in preparation for this decision.but as you can see my head is all over and im unsure what the correct first step will be. i have many goals and visions of what i want to do i just need some help making a correct first decision on those who are far more experienced than me in this real estate space so i use my capital in the most efficient way. i understand real estate is long game and i have no issues with that but i would like to at a minimum cashflow 100k a month by the time im 30. this is a big goal but i have 8yrs to do this. thank you for your help i look forward to the responses(side note: i am not considering house hacking as i live with my family, this will possibly be an option in the future)