We are paying 5k rent for a 4 bedroom single family house.

Another thing to consider, most single family bedrooms rent for 800-1200 monthly depending on the area.

Take for example, while representing buyers in single family transactions, during the negotiation, I ALWAYS ask the sellers to credit the buyer(s) up to 3% of the asking price toward the buyers costs.

Quote from @Katie Accashian: I am located in Lakewood, CO and have my property listed at market value and haven't received a single message in 2 weeks.

He has only done single family (non investment) properties.

I personally own single-family rentals in Temple.

Here is a list of what adding ADUs, especially in single family zoned areas,  in my CA market is typically a poor RE investment:1) The value added by the ADU addition is often significantly less than the cost of adding the ADU.

To second what Jessie said, with $150k in cash, Memphis could probably get you into 4 Single Family Rentals that are each cash flowing in a matter of a couple of months. 

Exactly what i was looking for The other commentators have added a lot of good info and value - I would chime in though one thing to look at closely is the property type - is it a true "log cabin" or more of a single family residence with "Cabin style" finishings?  

You can only offset W-2 income with $610K in 2024.For single filers, the limit is $305K.2.