Most small landlords will choose $1,000,000 in liability coverage, but in my experience, you can ask them to increase this. 

Whether it’s for startup costs, equipment, or marketing, leveraging your home’s value can help bring your entrepreneurial goals to life.Bottom LineWhether you’re thinking about selling, upgrading, or simply want to understand your options, your home equity is a powerful resource.

Quote from @Lauren Merendino: It helps to really drill down to your goals.

They also benefit from strong schools, which can be a huge draw for long-term tenants.While you may not achieve high cash flow immediately in these areas, the property values and rents tend to appreciate steadily over time, aligning well with your goals.

Here are some Key Takeaways for You to Turn Your Multifamily Real Estate Dreams Into Reality:➡️Define personal goals.

What is your goal here.

A couple thoughts on your question:I tell our STR investors in Colorado that their main goal should be to set up the right way right out of the gate.

It’s a smart move, especially since it ties in with your goal of saving for your first investment.For skills, you probably already have a good foundation with your sales experience—things like communication, organization, and dealing with clients are all super valuable.

Whether to start with single-family or multifamily really depends on your goals, resources, and experience.Single-Family Pros: Easier to manage and finance, especially for a first deal.

My goal for next year is scale and acquire at least 5 more properties (preferably multifamily).