A recent article discusses how Bloomington is considering flexible zoning to support dorm-style units, aiming to provide housing solutions for residents earning 30% of the area median income (AMI). finance-commerce.comThe city has successfully added new rental units in the 50% and 60% AMI bands but faces challenges in creating units for the 30% AMI bracket due to financial constraints.

I'm passionate about teaching real estate in underserved communities and helping others build wealth through knowledge.Looking Ahead: I’m seeking local and out of state investors, lenders, and professionals in the Atlanta area for STRs and MTRs, and in Birmingham, Phoenix, Columbus, Macon, and Augusta, GA for long-term rentals and small multifamily deals.Let’s connect if you share my vision for creating real estate that not only generates wealth but also builds lasting, positive change.

If you stay in Queens or look at the Bronx, you might find a duplex/triplex, the key question is whether your rental income offsets enough of your expenses to meet your $1,475 target or not.Out-of-State OptionsYou mentioned no location constraints—this opens up many landlord-friendly markets with properties in the $250K-$400K range where a 3.5%-5% down payment keeps you at a low entry cost.

We want to get a few rentals up and running and then (if all works well) begin bringing other friends/investors in to invest with us.

Find someone who manages long-term rentals in that area.

I didn't buy there when I could have gotten them at $5k per side in 2012thst whole area is rentals.

By capping the taxable value increases for homestead properties, local governments may need to compensate for the lost revenue by increasing taxes on other types of properties, such as commercial buildings and rental properties.

Starting small with a single-family rental or a duplex can give you experience without taking on too much risk.Real estate is a long game.

In my case, I have residential rentals in one LLC, commercial properties in another, self-storage in a third, and my real estate company operates in a fourth.

Would I be able to sell 10 houses in a package and use that to buy one house?