Hopefully, I would increase the value of the property in 1-2 years and be able to refi out of the FHA mortgage.

Consider, if the machines did start failing in the next couple years, how would a loan payment affect your cash flow?

@Desiree Board For your mix of long-term rentals (LTRs), short-term rentals (STRs), and house flipping, an LLC is ideal for liability protection and pass-through taxation.

Starting with a smaller property or a few fix-and-flip projects can help you build equity, gain credibility with lenders, and better understand the process before scaling up.Securing funding for larger projects can be challenging without prior experience, but options like hard money loans might be worth exploring.

If the desired zoning is next to your property, it is easier to get rezoned. 

Here’s some context: Property 1: >$100k in EquityValue: $325kDebt: $220k @ 2.88% (30-year fixed)Property 2: >$70k in EquityValue: $325kDebt: $252k @ 3.38% (30-year fixed)Extra considerations: - I have $15-20k liquid to use for any of these deals- My current job is relatively stable, but not high-payin- Current properties in TX, living in NY, looking to invest in Mid-West (crazy, I know)- No other debt obligations besides the two mortgagesUltimate goal/timeline: Though a bit ambitious, I’d love to build up the portfolio to 10-20 units in the next two yearsI understand that any/all replies aren't financial advice; all ideas welcome for information purposes. 

Pull out a spreadsheet and go through the tools everyone mentions to run some comparables and take note of photos, amenities. 

so you can easily do some background on the principals..

She went through a couple brain surgeries and major post issues.

All the best, Joy