That would be depend on how much cashflow you can generate from your primary as a rental versus what an apartment will cost you.

Totally doable if that sounds like something you're willing to do.If you were looking to go that route, I'd recommend getting a Customer Relationship Management (CRM) software to keep track of leads and follow-ups.

I'm a financial planner who works with real estate investors - we have a client who plans to renovate a Clinton Hill (Brooklyn) property that has been in his family for generations into a multifamily rental.

The long term goal is to do custom homes, starting with spec builds.

We have a few custom builders who put out maybe 10-20 a year, mostly high end

My goal is to obtain finacial independence and grow that towards generational wealth.

House-Hacking is a great way to start building generational wealth.Best of Luck!

Does the appraisal value really matter though if it generates a ton of income?

They offer flexibility in design and can be customized to include a business space.Shipping container homes: While trendy, these can be challenging for mixed-use (residential/commercial) purposes due to zoning and building code issues in many areas.

As soon as you start discussing your business practice and strategies with your customers (tenants), then all bets are off and you run the risk of Fair Housing violations.