We are hoping to close in the next two weeks on a property that we know will *maybe* break even and more likely lose about $2K in the first year, but we're okay with that because we're getting something that we absolutely love and hope to enjoy for years to come.

@Jerry Chilimidos@Dmitriy Fomichenko Is an expert in this field.

If you are into positive affirmations, the Miracle Morning, Tony Robbins, etc. then you'll enjoy that aspect. 

The goal is to create nice affordable living that members enjoy and take care of. 

I have run an ALF with about 50 patients and really enjoyed it.

However, I don't find the long vacancy particularly enjoyable, and I'm hoping to gain some insight and grow from the experience.Has anyone else experienced this, and what did you do to avoid it?

Realtor; "Picture yourself kicking up your feet & enjoying some me time"Me; Its a freaking hoarder house that I'm gonna flip!

I just found a property that is on the river and seems like a place i would enjoy living.

Want to hear opinion from the experts in the field here. 

The bank will make you leave 25% equity in the property - but you also still want the property to at least cash flow some - so be careful how much equity you pull out / new debt you take on.I would do a cost benefit analysis of what your actual gain is in cash-flow on buying a new property with a (currently) higher interest rate (if financing), versus just holding on to the current appreciated property and enjoying that cash flow.All the best!