The other option I potentially see is to partner with someone that has cash and/or better debt/income ratios and partner on the next purchase.

I started STR to offset my W2 incomes and found how easy industry was and focused last 2 years on it. 

The landlord policy will usually address liability and rental income loss for the rented unit, while the HO3 covers your personal belongings and liability for the owner-occupied unit.

It could be a good option if the investor strongly desires ease and passive style.

They have median household incomes of 52k and 55k respectively.

Has this property been working for a while with a track record of income performance?

I’m not claiming to know it all—I’m here to learn, build relationships, and grow.Here’s what I bring to the table:A strong understanding of leveraging Net Operating Income (NOI) to secure financing and reduce out-of-pocket costs.Experience in negotiating deals and identifying opportunities, especially in the LA market where many multi-family properties are under $2 million.Skills in managing larger properties, from scheduling repairs and upgrades to optimizing operations for long-term value.The ability to use AI tools for data analysis, market insights, and deal projections to help us act quickly and efficiently.I’ll be upfront—my funds are limited after dedicating the COVID years to supporting my family, but I have the work ethic and expertise to find and manage properties that perform.

After five years, you'll have earned $90,000 in rent income and gained $34,000 in appreciation.Buy four houses with $50,000 down on each.

Passive income.

@An Lan Having a vacant property just means you're missing out on rental income, which could be a steady way to make money.