Ensure that your cash flow needs are met, and you have a diversified income stream to support your retirement lifestyle.In conclusion, your decision should be based on a comprehensive analysis of your financial goals, risk tolerance, and market research.

I am not familiar with other states, but in MI, STR rules change all of the time, so I am constantly telling that to my clients who want STR properties.

I would get rid of the rest and convert them into a steady income streams.

Could we buy a property > $500k a year out of college with two streams of income?

I currently own MFH in the partnership in Ohio and they are a nightmare, high turnover, high complaints, constant problems. 

@Kevin SiAs real estate investors, we constantly weigh the pros and cons of different investment strategies, including the decision between a larger or smaller down payment on rental properties (I prefer smaller anytime I can).

I am open to listening to suggestions from my clients on ways to constantly improve but will not have anyone demanding or telling me to do something.

So in theory you need to have multiple passive stream that generate losses and you accumulate it over the years.

If you have other income streams that you can personally strengthen it's likely best to focus on those streams while continuing to invest in professionally managed BIG deals!  

Here are some key factors that I'm considering:Potential for Appreciation:Local Metro: The urban environment often sees faster appreciation rates due to high demand and constant development.Nearby Rural: While rural areas might not experience rapid appreciation, they can offer steady growth and potentially lower entry points.