Would be a pleasure to learn from your experiences, your insights into the market, and enjoy a meal with a new colleague.Thank you!

House hack if you can, pool funds for a local investment if you can't (get an agreed exit plan in place first).Remember, you may not even like being a landlord.

My primary residence I have been in for a year now and my plan was to do a heloc and use the money to buy another property which would be an investment property purchase.

What is advantageous is someone that is good at underwriting and unbiased (only analyzes the deal based on the underwriting without other emotions).Note i have a fair amount of experience and plan to place a competitive offer tomorrow that the underwriting dictates not placing a competitive offer.  

For something more robust, tools like Excel or online calculators from financial planning sites might better suit your needs.Your ROI Formula:ROI = (Net Cash Flow ÷ Total Out-of-Pocket Investment) × 100For your scenario:Net Cash Flow = Annual Rental Income - (Mortgage Payment + 401k Loan Payment + Other Expenses)Total Out-of-Pocket Investment = $40,000 cash + $50,000 loan payments over 5 years.I came across a piece in Bloomberg recently discussing creative financing, and they touched on ROI calculations for multiple loans.Personal anecdote: A buddy of mine leveraged a 401k loan for a fourplex.

Quote from @Jonathan Vinas: Quote from @Ashish Acharya: @Jonathan Vinas Operating a self-managed STR in North NJ or the Catskills is feasible with careful planning.

It’s always helpful to hear how others structure these kinds of deals, especially with larger properties like mobile home parks.Also, what’s your game plan moving forward?

I don't plan on selling; I'm mainly just curious how people make $ in these markets when rental rates are on the decline since COVID.

You need to have a plan of actions to take to collect if you even want a chance to see anything from those judgements.

Along with the research I am doing, I'd love to hear from others about their firsthand experience.I am 33 years old, recently married, no kids but plan to have our first in the next year.