If a deal makes sense with the cost of capital where it is, then it will make even more sense when the cost of capital goes down.Same thing happened in 08-10.

Public REITs have seen a strong return to capital markets in 2024, raising $64.9 billion by Q3.

Considering the high rates at this time and opportunity to lock in tax free capital gains of 500k, suggest you sell and lower mortgage on your new home 

This surge in tourism and job creation makes now an ideal time to capitalize on the rising demand for both long- and short-term rentals. 

As far as capital goes, those will be written in the legal docs as well if there are requirements of capital contributions, if so how much, who is responsible for what.

@Alyssa LakeIt depends upon many variables, such as age, condition, location, the amount of capital you need for repairs and unit turns.

I don’t feel a house hack is needed because you have the capital to start out anyway that makes sense to you.

So, average cash flow is a product of the choices you make and the capital you have to deploy, as well as your lendability.I think what @Alecia Loveless wrote should be very helpful to you in terms of judging the money coming in, but it all depends on your location and investments.

Currently, I have a ton of equity in my home (valued at ~$4M), have good credit (800+), and despite being between jobs and without a steady income, have the capital now to invest and want to develop a plan so I can take action in one shape or another.

Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.