I’m going to consult a local financial planner but thought I’d ask the brilliant minds at BP as well.

Conversely keep in mind the prevailing "average" for Property Management fee is 7%+.

I would say generally, buying already built is cheaper on the mind, stress and time.

Keep in mind, though, that this approach comes with higher down payment requirements and interest rates, which may not be as favorable

I want to invest with a 10-yr horizon in mind, understanding holding an asset that appreciates, while someone else pays down your mortgage, but that is if you at least break even!

Also, make sure you buy a house that has plenty of parking and be mindful of their schedules.

Would you mind explain me the 25% equity for the refinance please? 

*keep in mind I'm none of those things, always rely on the experts*1.

Also what is working today does not mean it’s going to work in a year from now - people can ask multifamily and others how that has worked out for them the past two yearsResidential in my mind is going to see some shifts which I see a lot of bad financing “not creative” that they think is creative and it will come back to haunt people

And if the people you're working with aren't giving you the peace of mind that everything is being done correctly, send me a message and I'll get you taken care of.