. $250K a unit is also somewhat realistic in those submarkets, though not impossible.Your best bet is a value-add strategy on something that has significant upside with a high growth submarket.

@Yosef Lee thanks for posting, fantastic achievement.

The cap rates are only around 5-6%, which I’m already achieving with high-yield savings accounts—without the hassle of property management.I’m wondering if it’s worth pursuing the condo in Hallandale Beach or if I should consider investing out of state.

Balancing both goals can be achieved through a hybrid approach, where a portion of funds is allocated towards paying down the primary residence while also saving or investing in another property.

Let's work together to achieve our real estate goals!

So, I am going to work on achieving this, many times.

Maybe you and your wife should sit down and brainstorm your goals and desired outcomes and then set about making an actionable plan to move towards achieving this.

An attorney and escrow achieve the same result for far less.A lender will only lend on what an appraiser appraises.

Our unit is booked up with one-day turn arounds for the next few weeks and I am not sure what to do next.

Counter-cyclic investing is an aspiration that few achieve - kudos to you.