I view real estate investing as another wealth building tool in my tool kit.

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.

It isn't like this a condominium where assessments are paying for common parts of the building like the roof, etc.Prior to this, I didn't have much experience serving on an HOA board and have therefore relied on the management company for their opinion on certain decisions. 

The building has some deferred maintenance that I have been dealing with.

@Craig Holland Land is often sold with owner financing, in part because buyers have a hard time financing it, and in part because buyers often only need a short time before they can build on the land and refinance out of the seller loan. 

It’s been incredibly rewarding not only to save my grandfather’s legacy but also to build equity and increase cash flow.

I would recommend calling the city building dept, they are easy to get in touch with and a lot more helpful than other municipalities in the area.

We needed to build more there but the cost to build has doubled and the return is t sufficient.

Please feel free to reach out to me and my team if you would like to come up with a game plan and build your buy box. 

Be patient, take action when you're ready, and don't let fear hold you back—start small, learn as you go, and build momentum over time.Good luck!