Over the last year, we noticed a few key trends worth highlighting:Market Recovery Signs:Loan volumes reached $539 billion in 2024, up 26% year-over-year.

Quote from @Stevan Stojakovic: Hi Michael, Single-family properties are often better for first-time investors due to lower costs, easier management, and broader resale appeal.

if you want to see what is worth doing and what is not, look at what the successful investors or syndicators are doing.  

Just curious... what’s your ultimate goal for that office space..are you looking to boost resale value, or is it more about having a functional retreat above the garage?

You have to decide what your time is worth to either take those 8 phone calls, or hire a PM - for us we would rather keep the $10,560 you could potentially pay for PM service in a year for the 4-plex and take the 8 phone calls (yes oversimplified - but you get the point!).

But in a place like this part of CA were its reversed the land is worth 80% of the total value not 20% like most other areas of the country yet the bank requires insurance for the total amount of the loan even though the build cost to replace is far less..

Education and hard work are worth far more than money. 

@Kayla M. sadly as other have said, often out of state investors are paying more than is worth, and it can be tough to get back out of a deal.

Would it be worth seeking a free consultation with a real estate attorney to evaluate my case?

Quote from @Caleb Brown: Is the property worth the higher price to pay off the loans?