- What metrics do you use to measure "good"Ex "Hi I'm looking to buy a single family home in Richmond TX in the $150-200k price range.

@Travis TimmonsI had the same reaction as you did, but I held off on posting since I don't yet invest in STRs (I'm all LTR so far, and looking into my first MTR).Buying an STR "to offset income" makes me nervous as well...

With pulling out your equity (or selling), you can diversify and buy more.I did sell one of my places and used that money to buy two others. 

@James JeffersonHi James,To buy out the property you need to probably apply for a loan through any lender.  

If you are just starting out, this is for you:When you buy an investment property, it is treated differently than a house you are going to live in. 

I feel as though your buy box puts you in a position for more flexibility. 

Duplex can always add additional units via the ADU laws. 8) Related to number 1, purchasing a property with an existing ADU is cheaper than buying a property and adding an ADU.

I have a property on the barrier island that I do not want to list on MLS but I am interested in connecting with realtors or investors who typically sell or buy pocket listings and may be interested in this property.

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

Quote from @David Lambert: Hey David, I have experience managing properties for my mentor before going out and buying my first one.