I'll be self-managing so I added $100-$200 a month for my on-island agent fee.

Since the interest rate is already high, adding to it won’t drastically change your overall costs and will free up the liquidity you need for the new investment without affecting the low-rate financing on your multifamily property.Using the hard money loan to close on the new property could work well, especially if the property generates the $6,000/month you expect.

If your goal is to scale faster and get to the point where your real estate cash flow allows you to spend more time with your kids, BRRRR can help you snowball your investments instead of parking all your cash into one deal.Building Equity: With BRRRR, you get the chance to build significant equity upfront by adding value through renovation.

i just need to add on the whole "adding tabs" thing : )i also need to look into how you bought with your roth ira unless it was your first home purchase or something..Quote from @John Underwood: Quote from @Matthew Sharman: Quote from @John Underwood: My partner has our properties on Rentredi.

Exploring wholesaling and land investing is a great way to break into the industry, and your focus on value-adding strategies and modular housing shows you’re thinking creatively about how to address market needs.Your entrepreneurial background in auto detailing will definitely serve you well in real estate, especially with your attention to detail and perseverance.

Vacant will be the best option unless you have a good high paying tenant on one side that you can show is adding value. 

The package added up to 6 months of pay for doing nothing. 

You are left with smaller margin of equity in your rental and figuring out the new property you added.

A small tweak—like adding a cozier blanket or clearer check-in instructions—can elevate the guest experience.Create a Sense of Community: Responding to reviews lets you connect with guests, showcase your dedication to hospitality, and set the tone for future visitors.Tips to Boost Your 5-Star RatingsSpotlight Your Space with Amazing Photos: Ensure your listing photos highlight your property’s standout features.

If the building is currently recognized as a single family residence,  then you are changing use and presumably will need to sprinkler the building and satisfy other fire rating and STC rating requirements not to mention the added costs of having to run mechanicals for multiple units, multiple kitchens, additional bathrooms etc.