Here’s the plan I’ve come up with, and I’d love to hear your thoughts on its feasibility, potential risks, and any improvements you might suggest.The Plan1.Pay Off Mortgage: I currently have $170K left on my mortgage, and my goal is to aggressively pay it off in the next 1.5 years.2.Establish Emergency Fund: Before making any big moves, I’ll set aside 6-12 months’ worth of expenses as an emergency fund.3.Extract Equity: Once the mortgage is paid off, I’ll pull out the equity from the property.4.First Flip: Using the extracted equity, I’ll purchase another house, fix it up, and sell it for a profit.5.Reinvest Flip Profits: Instead of buying another property immediately, I’ll use the profits from the flip to renovate the original property, aiming to increase its rental income and appraisal value.6.Reappraise and Extract Equity Again: After renovating, I’ll get the original property reappraised and extract additional equity based on its increased value.7.Purchase Rental Properties: With the additional equity, I’ll start purchasing rental properties that offer positive cash flow and have growth potential.8.Leverage Equity Strategically: I’ll use equity from the original property and any new properties while maintaining a healthy loan-to-value ratio (LTV), ideally around 70-75%.9.Build Rental Portfolio: I’ll focus on acquiring a mix of property types (e.g., single-family homes, multi-family units) to diversify my investments.10.Focus on Cash Flow: I’ll prioritize properties that generate consistent positive cash flow, ensuring that rental income covers all expenses, including mortgage payments, maintenance, and management fees.11.Long-Term Hold: I’ll hold properties long-term to benefit from appreciation and tax advantages.

There is also the equity pay down which varies depending on a lot of items (rate, years into loan, LTV, etc) but starts (day 1, improves every month), even at the current higher interest rate, at ~0.15% of purchase for 80% LTV.  

Currently we have a home improvement/remodeling company, so the construction piece we have including many sub crews.

Here's a breakdown based on your examples:Carpet, Vinyl Flooring, New Toilet, New Vanity, New Tub: These items are typically considered assets because they are permanent improvements to the property that provide lasting benefits.Plumber Labor for remodel: Labor costs for installation or repairs are generally categorized separately from materials.

Jaime The cost approach (land value + depreciated cost of improvements) is typically the least reliable indicator of value.

If you told him you have been playing pickup games for the past year and need help improving your jump shot, now he has evidence you're motivated and a specific goal he can quickly help you work towards.

When you tell these people that it often takes more than a decade before the investing makes things like that possible, they go looking elsewhere for advice, until they find someone who's willing to sell them what they want to hear.Building relationships, improving your lifestyle, relieving chronic anxiety, creating strong friendships, building bonds with family, work-life balance, delayed gratification, risk-reward management, lifelong financial freedom, all the really good things about REI are often suffocated under the overwhelming need to GENERATE INCOME TO QUIT MY HATEFUL JOB.What's the best thing about investing for me?

Setting aside the potential for improved ROI for a moment, here's how the (over-simplified) numbers look to me personally.If I were to buy 50% outright, that would be 22k net income / 340k purchase = 6.5% CoC ROI.

Improving public transportation and ensuring it remains accessible and fare-free is a positive step, but it's not enough if residents still need to commute long distances for work or basic amenities.Investing in local infrastructure, encouraging businesses to set up in Worcester, and providing incentives to attract and retain jobs within the city are essential steps.

Multiple improvements done on this duplex in 2021, including new roof, gutters, flooring, drywall, electrical, appliances, and heating/cooling unit for the second floor.