If the local market is healthy and rental income will be adequately managed by a property manager, then a long term residence could be used to build equity.

The projected rental income wouldn't cover the mortgage and HOA at this time.

@Guenevere F.When I started in rental property investing, I found it crucial to set clear goals, leverage existing skills, and focus on scaling gradually.

Quote from @Robin Cloud: rent is 3500. income for #1 150k income for #2 163k #3 130k they are super young and moving from their parents house.

Yes I still have a somewhat high earning w2 income and I will be comfortable.

As is often the case, it harm low-income populations most.

I get the feeling Quest is resigning because there is not enough fee income to be made from me, so I'm being dumped.

Or is it more common for land investors to self-fund and scale gradually?

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.DM us if you’d like to discuss this logical approach in greater detail!

STR management is 20-25% (I would recommend self managing or getting a VA), since income is higher you could probably get away with 5% for maintenance / cap ex but remember you need to cover utilities and cleaning for these units which drives up costs.