@Shrikant Kakani- thanks ...if you  dont need to use financing - disreagrd the following tip ..if you will need to use a loan to acquire your 1st investment property - I would recommend getting the formal loan pre approval step completed ..this is free  and it will help answer many questions you have  and  help get you organized and  prepared .

This asset has clear intrinsic value/value-add potential that is hard to acquire in multifamily these days.

That said, I don't think I could've acquired 2 smaller properties for the price of my 5 bedroom that also outperformed it. 

That's why you do your due diligence before you acquire, not after.

I'm working on acquiring a former Adult Care Home from a retired couple, and I'm doing research ahead of a conversation with them about owner financing, which they are open to.

The reason I am interested in this is because I don't have a ton of cash to put down but I want to acquire more properties even if it means paying a little bit of a higher rate and/or price. 

Not generating cashflow, but have reduced my living expenses and acquired an asset.So if I revisit my goals, within the next 5 years, I'd love to: (1) be in a consistent cashflow positive scenario with my STR; (2) move out of my house hack and rent both units; (3) purchase another duplex/SFH+ADU and house hack again. 

How do people who acquire and manage STR's track the time for their Active Material Participation activities? 

I would love to hear how many rentals you ended up with and how you acquired them?

JD actively invests in the Poconos region, most recently acquiring a $5M BRRR project.