Another option is to estimate value based on potential income and market cap rates, which can give you an investor’s perspective.

Interest income is interest income, unless you decided to roll some of the current cash into a self directed IRA at which point your interest income would be deferred for a later time and allow your funds to grow tax free.

It helps readers a lot by providing context, and those of us who have some time in the market can look back into our histories and give you some advice. 

Every Market (Detroit) has a series of Micro-markets (neighborhoods) of which they are all different in cost, value, cash flow, rents, etc... 

As the cleaning company continues to grow, I am looking to invest in real estate to create more passive income. 

It feels a little feminine to me, which is fine if you are going after that market segment. 

I'm currently exploring opportunities in the Honolulu market and looking to use my VA renovation loan to purchase a 3-4 bedroom home, renovate it, and rent out the extra rooms as part of a co-living/house-hacking strategy.

From both a real estate and STR perspective, the key to success will be choosing the right market first.

I agree very market dependent. 

If this effort gains traction, it could fundamentally reshape the U.S. mortgage market, impacting financing options for real estate investors nationwide.The Role of Fannie Mae and Freddie Mac in Housing FinanceFannie Mae (Federal National Mortgage Association) and Freddie Mac (Federal Home Loan Mortgage Corporation) are government-sponsored enterprises (GSEs) that purchase mortgages from banks and lenders, package them into mortgage-backed securities (MBS), and sell them to investors.