Multifamily properties and long-term rentals are fantastic strategies for building steady cash flow and long-term wealth.

A recent article by BP: "Top 5 Alternative Investments for Real Estate Investors in 2024," which was sponsored by "atminvestors.com," listed the #1 Passive Investment opportunity as ATM investing (of course).

I think your idea is fantastic.

I don’t know if I should wait until the library is finished where I’d be selling at the top of the growth stemming from the library.

Just last month, from what I read in the Wall Street Journal, there’s been a growing interest in these more under-the-radar markets.. places like Casper that might not scream top-of-the-charts popularity, but quietly attract buyers who appreciate untapped potential.

If you have two full baths it will appeal more to this group.The downside in Phoenix to a MTR is I am not sure you would get summer occupancy if you aren't the top location.

Option 2 with second lender is, get an FHA loan at 3.5% and use the concession to buy discount points and bring a 6.2% interest rate down to a 5.4% permanent buy down, putting me at around $3,450.00 monthly PITI and also adding 8k to the top of the loan for mortgage insurance.

Seems like they are doing a fantastic job of marketing a product that has amazing potential but isn't fully there. 

They are month-to-month and pay below market rate.I would prefer to sell it in its current condition and estimate that a diy remodel would top out at $15k.

Connecting with local expertsThis forum is a fantastic place to start, and you’re already doing the right thing by engaging here.