You can also do this on a refinance.Else, you can find private money, take out a HELOC if you have a lot of equity, go hard money and then refinance after, or see if your preferred builder offers financing.

One thing about Florida, make sure you know what insurance will costs on a property before making an offer.

Some insurance companies offer policies specifically designed for owner-occupied multifamily properties, so it’s worth asking about that option.The key is ensuring both your personal residence and the rental unit are adequately covered.

I think that a part time investor can have success with syndicated offerings and triple net leased properties if they’re willing to learn real estate fundamentals, perform “due diligence” on the deal/sponsors/property and engage legal help.  

It's affordable and offers strong cash flow potential.

These companies handle property acquisition, renovations, and management for you, offering a more passive approach.

Thanks for offering to talk via phone, Mitch.

We made an aggressive offer quickly.

Keep in mind local zoning laws and market conditions in Portland versus Salem—Portland might offer higher rents but stricter regulations, while Salem could provide better cash flow opportunities.Your design approach has proven successful, so continue focusing on appealing upgrades like kitchens and bathrooms, but prioritize cost-effective and durable materials for rentals.

I’d recommend starting by researching markets that align with your strategy, especially areas that offer good cash flow.