The property I'm selling has about 150K mortgage (250 ARV) and own another rental (230K (ARV) free and clear.

It's a big upgrade from say camping in a lean to on hiking trails.Side question for me personally - do you have a mortgage on this property?

I had a duplex in FW long enough for it to be mortgage free. 

Quote from @Zachary Kessler: Hello all I’m currently hacking my house that has an ADU dwelling that generates income, I bought this property intending to leave and rent the house that I currently reside in (2 bed 1 bath) I currently have a very good interest rate locked in here from 2022 that I don’t want to lose or have my mortgage called due from leaving here, I live here for very cheap with the income from the ADU.

This occurs with mortgage financing, margin trading in stocks and other forms of leverage. 

For financing, shop around with local banks, credit unions, and mortgage brokers to secure favorable terms.

Sights are set on all types of REI, but this will be a great start for us.I have been in the mortgage business for over 20 years.

An empty condo can be a financial drain with HOA fees, utilities, and mortgage payments stacking up.

Meanwhile, I created one LLC and business bank account to pay property tax, mortgage and day-to-day operating cost.

Also, after a year, the mortgage hasn't been paid down by much, especially if it's a 30 year mortgage.The only challenge you may run into is if you purchased it using a low or no money down mortgage option like FHA or VA lending.