It’s a tough decision, but we’re adjusting our strategy to align with market conditions and our timeline.Having come from a corporate background, I’m used to doing these kinds of planning exercises.

Please give your best tips/suggestions as I embark on this journey.Thanks,Vidit

I wouldn't suggest you buy a single-family home to live in because the additional cost outweighs the benefits.

Do you have any suggestions on how to go about this?

Your argument would suggest that if I bring home $2k/month in cash flow from a rental property in LA (where I live), that's a good deal, even though I probably had to put $2M cash into it initially.

It's still a good market for long term rentals but the returns are not what they were 10 years ago - but if you can get past overly optimistic suggested ROI, it's a really solid market.

Any suggestions?

It suggests that you should aim to pay no more than 70% of the ARV (after-repair value), minus repair costs.Example: If the ARV is $300,000 and repairs cost $50,000, you should pay no more than $160,000 for the property. ($300,000 * 0.70 = $210,000 – $50,000 = $160,000).Walk the Property: Check for structural issues, roof condition, foundation, HVAC, and plumbing.

Seeing out there if anyone has any reading lists or content suggestions for sales or negotiation in Real Estate.

The Vivid Vision exercise really does work - but it takes some VERY INTENTIONAL time.