Managing five rentals can eat up a ton of time in any given week, often at times that are inconvenient to you and your personal interests (family, hobbies, travel, etc.).Of course you can manage on your own.

But I'm getting substantial pushback from family exactly for being on-call like that for so long.

please let me know if you have successfully completed a creative finance deal and you have some terms example breakdowns i can take a look at much appreciated im trying to buy an apartment complex asap

Investment Info:Large multi-family (5+ units) buy & hold investment in Tuppers Plains.

Here’s a breakdown of some top areas:Cash Flow-Friendly NeighborhoodsWest Charlotte: Known for affordability and strong rental yields, West Charlotte offers opportunities in single-family and small multi-family properties.Gastonia: Just outside of Charlotte, Gastonia is a great spot for investors seeking cash flow.

When we moved, we turned it into a rental, hoping this would be the start of our real estate journey—something we’d like to continue once my husband retires.Some key details:My husband is active duty and will retire in 3 years.We have one final move coming up this summer to Raleigh, NC.Our current debts are crippling us—the high interest makes it tough to stay afloat every month.The plan I proposed to my husband:Sell the rental property.Use the proceeds to pay off all our debts, set aside emergency funds and a down payment for our next home.Free up $1,500/month from debt payments, and that also can stash in a high-yield savings account.Regain full VA loan entitlement, allowing us to purchase a multifamily home and use the house hacking strategy for up coming move.Avoid capital gains tax, since April marks five years of ownership, and the tenant’s lease ends in May.This wasn’t our original plan, and we hate the idea of using our equity to pay off debt.

My guess is that you will pay less per month with multifamily than a single family. 7.

For example, should we focus on acquiring one high-quality property in a strong market, or would it make more sense to spread the investment across multiple lower-cost units in emerging areas?

Prepare financially by saving for down payments, improving your credit score, and setting aside emergency reserves.

The HELOC would act as en emergency way to tap into their equity if needed - as long as they don't spend it unwisely!