Renovated the kitchens, new appliances, new counter tops.

Purchase price: $235,900 Cash invested: $70,000 Sale price: $399,000 Complete Renovation: deleting walls to open up kitchen into living room, new kitchen, cabinets, appliances, custom doors, floors, trim, paint, new laundry room, new powder room, new master bathroom, custom woodworking, exterior farmhouse paint, all new interior paint, etc.

I don't plan on doing a whole bunch of renovations but i do plan on updating the kitchens and re-insulating the attics and updating lighting and painting the inside. now for my questions...

I feel like I don't know what I don't know, and I feel that jumping straight to an investor-backed leveraged multifamily deal as a first timer might be a bit too much.Yet, I see no other way to enter the multifamily space as the entrance barrier is high, and cheaper deals in tertiary markets are often cheap for a reason.Would love to hear your thoughts on whether jumping straight to a multifamily syndication is reasonable, and if so, what would be the best path for me  to make a deal happen in the coming months?

However, the market has changed in that time period with interest rates changing and homes staying on the market longer and longer.You mentioned the big ticket mechanical items for the house, but it sounds like paint, flooring, kitchen and bathrooms we're mostly untouched.

The units have had all electrical panels and water lines upgraded with permits and new kitchen cabinets installed in all units.All of these deals were on Redfin.I would argue that there is money to be made in every market.

I rent out the master bedroom, bathroom, and an independent kitchen area with its own entrance for $1,200 per month.

The house is in pristine condition with a top-notch kitchen I added in 2021, and it is located in a premier gated community northeast of Orlando.

Ill let you owner occupying multi family properties is what got my wife and I to FI, what makes house hacking so great is the baby steps to  becoming a full time real estate investor. 

I'm also going to add some outdoor(deck) space and update the kitchen with new cabinets and countertops(modernize) as well as take out the carpet and put down lvp flooring.