Are you able to move into the property and make it your primary residence?

@Kris TohovitisI wouldn't recommend using your cash to pay off the mortgage on your primary residence since you can likely get a better return on that money by investing it.What's your buying criteria for the multi-family property?

Investment Info:Single-family residence fix & flip investment.

Investment Info:Single-family residence other investment.

In our communication with prospective residents, we make this clear.

The rental market is already showing signs of recovery:Spring Is Coming: Historically, the rental market picks up momentum in the spring as tenants prepare to move during warmer months or ahead of the school year.Early 2025 Trends Are Positive: In just the first week of January, we’ve seen a dramatic increase in rental applications, suggesting pent-up demand from renters who delayed their searches in November and December.What Landlords Can Do NowTo make the most of this recovery, consider:Refreshing Your Listings: Update your photos, descriptions, and pricing to ensure your properties stand out.Offering Incentives: Temporary discounts or move-in bonuses can help fill vacancies quickly.Being Patient: The market is already bouncing back, so don’t panic if your property takes a bit longer to lease than usual.What’s been your experience?

Quote from @Charles Perkins: Quote from @Natalie Kolodij: Quote from @Charles Perkins: I have an attached ADU unit in my personal residence as well as a business office/ business storage area in my home. 

I felt unprepared.2) PML- I did not have any leads or proposal packet prepared to present3) I couldn't figure out how I'd pay for the monthly costs to HML

To the nuts and bolt question of what defines occupancy, it is the place you reside and spend the majority of your time/nights.

You'll also want to make sure you have your full team ready so you can be prepared when the right deal comes along.