LTR Backup Plan: I want to ensure that if the STR route doesn’t pan out, the property could sustain itself as a long-term rental (LTR).

If your priority is building wealth sustainably and positioning yourself for long-term financial independence, I’d strongly recommend considering properties like duplexes, triplexes, or even quadplexes.

The sustainability test is that 3/4 of units need to cover 75% of the mortgage from my understanding.

Any suggestions for impactful investments or initiatives that could provide sustainable support would be deeply appreciated.Thank you for your wisdom and support during this challenging time.P.S.

Can we hear from individuals who have experienced sustained success buying section 8 rentals while relying on entirely 3rd party service providers? 

I hope that PPR can really use our fund to make a lot more money than the 12% given back to us, so they can sustain forever.   

@Edward Suess-HassmanTo make sustainable investments, set clear goals, research markets outside the Bay Area, consider creative financing, learn from others, build a strong team, and use educational resources.

Additionally, I am financially prepared to sustain hard money loan payments for up to two years, which is realistic for resolving occupancy issues in NYC.

Most of the Turnkey companies that have been at this for any number of years will be the first to tell you they started in these areas and quickly learned they are not sustainable.. and moved up in asset class.. so they could continue to have a viable business.

Make sure to work with a forestry professional to ensure sustainable harvesting practices.Rent it for Storage or Equipment: With the rise of RVs, boats, and large equipment, you can rent out part of the land as storage space for these vehicles.