I am committed to dedicating time and effort to achieve this goal, and your insights will be invaluable in shaping my journey.

In my case, I wanted to keep my mortgage payment low, so I decided not to do a cash-out refinance and instead opt. for the HELOC.Either way, it sounds like you have some great equity to leverage to achieve your goals.

Hi everyone, This is my first post, so apologies if I should've tagged something different.My husband and I live on the east side of the Salt Lake Valley, and we’ve been exploring ways to achieve financial independence and build wealth through real estate investment.

Overall the house hacking achieves effectively living for break even or less than rent and getting you into a market you normally couldn't afford the downpayment on.

A successful venture involved flipping a 30-unit apartment complex; acquired for $450k, we revitalized it with a $150k construction overhaul, achieved full occupancy, added a laundromat, and subsequently sold it for $950k after two years.

@Connor McGinnis, the strategy is really contingent on the specific market and moreover the tenant base in place.You are looking to achieve 33% rent increase.  

This is just my opinion; I am biased, as I stated before.The Cleveland area can achieve any real estate strategy you are looking for.

Once they make this transition, the appreciation is where the big returns are achieved.  

I don't think cap rate for residential RE is necessarily the best metric, but I try and achieve a 10% minimum gross rent to purchase price figure, so a $300K property I am hoping to achieve a $30K/month gross income goal.

Ask people in BP who are not selling books and courses how many have achieved this.