To be honest, I like J Scott's approach for 2 reasons. 1st, it's easier to drill thru the COGS details since everything is posted there, 2nd, you can run budget vs actual if you plan to utilize the Budgeting feature to track your progress directly from QBO.

Luxury Vynl flooring is my FRIEND!!!!

Seeking any insight or referrals to family office or trust representatives. Thanks in advance. 

Depending on the shape of the lot, your site work and underground utilities will be some of your bigger costs.

My plan would be to occupy the small apartment unit, and utilize the main house for my small business.

Some do not allow access or inspections, and some will not have utilities turned on so its tough to determine what is and is not working.

Purchase price: $550,000 Cash invested: $200,000This is my luxury glamping site near Houston, Texas called Cameron Ranch Glamping.

Additionally, national lenders like Chase and Wells Fargo have strong multi-family loan programs that cater to out-of-state investors.Scaling OwnershipGiven your available cash and equity, here are a few strategies to consider:Leverage Existing Equity: Utilize the equity in your current properties through a cash-out refinance or HELOC to increase your purchasing power.Partnering with Other Investors: Consider syndications or joint ventures, which can help you scale more quickly without using all your own capital.Diversify Markets: While the Midwest is great, keep an eye on emerging markets across the country that may offer similar benefits.Focus on Value-Add Opportunities: Look for properties where you can increase value through renovations or improved management.I specialize in selling new construction duplexes in downtown Indianapolis, and I’ve found that multi-family properties here provide strong returns.

@Frank Patalano do you utilize any of the real estate crowdfunding platforms out there?

Even IF (BIG if) their method can be successfully utilized, without the right knowledge/ education you won’t be able to utilize it profitably, at least not for the long run.