Even though we live in earthquake country, this was a new experience for us.

However, I am thinking of having my parents who are retired living there part of the year and doing STR for the remainder of the time.

Have enough that after you buy the property you still have 6 months of expenses in reserves that you can use for daily living.

And 6% wont create wealth unless one lives a Vampires life of millennia in time scale.

DSCR loans are great products for those who need them, and we originate them everyday.

You'll likely also reduce your cost of living by moving to a stabilized apartment.Depending on the cashflow and debt paydown, you can use this strategy until you've built enough equity to reinvest.On the other hand, getting into a multi-family after refinancing will also help you build substantial equity to rinse and repeat in the coming years.

Do you want to live there?

A 4-Plex for $275,000 is unheard of, and fourplex and muti-family houses do not come on the market everyday.

A little about me for context: I live in a very expensive market in Rye,NY. 

Because if you need to live off the cash flow what you're really looking for is a business.