In a rapidly-rising interest rate environment (such as we've recently experienced) that tradeoff may or may not pay off.Unfortunately, in CRE finance there is no perfect financing vehicle and you can't eliminate risk--you must choose which risk you want.

This could give you the cash you need for the purchase and also eliminate your personal guarantee for the loans.

Cash offers are often particularly appealing to sellers because they eliminate the uncertainties that come with financing, such as loan approval or appraisal issues.

Eliminate debt, establish a budget, and save.

Buying in your backyard eliminates so much for you.What strategy do want to follow?   

Using a 1031 to upgrade to a two-family could help you reduce or eliminate the $1,000 out-of-pocket expense you’re paying now.Also, condos often come with HOA fees that limit cash flow, so be mindful of their impact.

.: @Scott Trench Eliminating so many federal jobs is already having a big ripple effect on the economy and the housing market.I saw it firsthand here locally when I lost 2 deals this past week because of it. 

I realize no one has a crystal ball, but I see no scenario where the housing shortage did not get worst in coastal CA by the elimination of 1000s of homes.As stated I agree with your sentiment. 

My current occupancy rate is around 40%.Property Details:1,400 sq. ft. single-family home (3 bed, 2.5 bath)Weekend bookings are more frequent, with limited weekday staysWeekend rates: $150–$250/nightWeekday rates: $80–$100/nightAirbnb Listing: https://www.airbnb.com/h/vip-houstonWhat I've Done So Far:Created a brand-new Airbnb and booking.com listings to eliminate bad reviews from Airbnb and Booking.comHired a reliable cleaner ($150 per cleaning)Manually update pricing often on Airbnb (tried Pricelabs once and gave up when nothing improved within the month)Change my cover photo at least once a week or soListed the property on Airbnb, Vrbo, Booking.com, furnished finder, Zillow, and Facebook marketplaceScheduled handyman visits every six weeks for minor repairs and paint touch-upsI'd appreciate any feedback on the steps I've taken and suggestions on improving my listing and overall performance.

So the big advantage of turn key is that you get a property that the property management company knows inside and out to eliminate negative surprises and you are getting a great management company and a good, qualified tenant from the start.