Does he earn a preferred return for putting up all the capital?)

I have a included a link to a PM locator tool ready to go with recommendations in your preferred area.

I think if you leverage 70% of it you’re going to seriously cut into your cash flow and personally if I was going to have $7M in debt I’d prefer it to be spread over several projects built slowly.

Worth using, but also worth dedicating some time to qualify the right one to work with (I work with a Bigger Pockets preferred lender, so I am not impartial!)

Maintenance and potential repairs will also require a long-term financial plan and setting aside a contingency fund for such expenses.The steady cash flow, appreciation over time, and tax benefits can make a meaningful difference to your wealth in the long term, especially with the principal paydown on the mortgage.However, if managing the property from a distance feels too burdensome, or if you’d prefer the certainty and flexibility that comes with having less debt (especially given the high mortgage rates), selling and using the $100,000 in equity to reduce your loan for your next home may be the smarter move.

If you prefer a nicer home with future equity growth, White House might be the better choice.

What’s your preferred property type, and how did you decide on it?

Obviously the numbers and location would determine which is the best option for me but these would be my preferred methods. 

I prefer the mid-term over short-term rental all day long now. 

I don't want to take a chance on missing a preferred tenant over $15.