With your diverse background and experience in STRs, transitioning into multifamily investing is a solid next step.

I started REIA Rico in 2021 and have at least 2 meetings a month for real estate investors.I'll be honest, what you are seeking is what almost everyone who reaches out from the mainland is seeking.

My plan is to buy the house subject to their existing mortgage, renovate the property, refinance it and pay off their remaining loan balance using the money from the cash out refinance.

When it comes time to kick her parents out of their house can they afford to go somewhere else?

What was the outcome?

The only thing that bests fear is courage and we only need a mustard seed of that to get things going...People often spend money on college and never go in to the field they spent that money on...the greatest lessons and the ones most remembered are learned 'on the job'.Wishing you more good news in the future and an exceptional 2025. 

Aside from being licensed in all 3 states what else should I look for in a good quality agent? 

Definitely something to clarify upfront...If you’re replacing with another restaurant, it should be an easier transition since the setup is already in place.Your biggest risk is vacancy $450K/year is solid, but if you ever need a new tenant,  ensuring the lease rate is sustainable is key! 

Theres one I think its by Brandon Turner that is called rent to retirement. when I was starting out I read one that was called one property a year that resonated with me.

The Shoals is a great place to settle down and take life slow.