The term ADAPTIVE REUSE 2.0 is not a new concept but a new focus.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

It's a low barrier to entry and a good option for you, I would highly and I mean highly recommend you focus on location.

Definitely focusing on offmarket or even on market multifamily homes (minimum 4 units). started off in real estate development last 2 years but the paydays are brutal building then waiting to sell.So now looking to switch up strategies to purchase cashflowing properties and then get back to ground up construction or even possible fix and flips. 

If you’re doing a straight forward investment property purchase, I recommend you try to connect with an investor focused mortgage broker or lender.

It frees you up to focus on living your life and acquiring more property.

We focus and specialize in "on market" MLS deals. 

.• Use some equity from the sale to make this transition smoother.I’m torn between maintaining our current home as an asset and buying  a new smaller house to use as a rental after we move back in versus simplifying and focusing on a single upgraded property Considering factors like market trends, potential equity growth, and quality of life, which path do you think would be most beneficial?

I’m also a newbie to commercial real estate, focusing on multifamily, but I’ve found that many principles overlap across asset types.

I would suggest focusing on Norfolk over Portsmouth,  its a better market with more appreciation.