Keep an eye on the STR regulations, and as you progress, consider diversifying your portfolio with other asset classes like commercial or single-family rentals for added stability.

With many heirs and a 50-year history, you have no idea what skeletons could be hiding in the closets.

Even with multiple units, with current interest rates and a competitive market (prices have continued to rise even with higher interest rates) think the Madison market is a stronger long term ownership strategy, where the bulk of your return will come when you sell from appreciation in rents and property value. 

For me in 2023:No LLC’s, 12 properties in 2 states, only 1 state income tax, no w-2’s, a pension and a 1031 exchange.I was charged $1,275, up from 2022 when I was charged  $1,175 but didn’t have an exchange.

If you value short-term savings and a lower initial payment, Option 1 works well.

They have equity and a great first interest rate. 

If you are paying what is owed, you don't go through this, it's a new loan and a payoff.Why?

The course came with PDF texts (not books) and a very lengthy excel sheet to memorize and tackle on my own.

A smaller SFR I purchased a year and a half ago took about 12 months to stabilize.

I’ve found weekly check-ins and a shared project tracker to be lifesavers, helping you spot delays before they become major issues.