Diversifying your portfolio can also be beneficial, as it helps mitigate risks associated with market fluctuations.

It is very important that the Wrap Mortgage is written at market terms using a knowledgeable attorney, an RMLO, and a servicing entity.These have risk and I'm not saying a new investor should go out and do them. 

You are positioned right at one of the top 10, if not 3, STR markets on the planet buddy! 

Which strategy below would you do in the Austin market? 

(Starbucks / yoga studio / craft brewery /boutique cookie,coffe or ice cream shop  are the easiest targets)-Activation of dormant retail sites-Increased foot traffic For B to AAbove also apply-Home valuations (are homes in the increasing at rates above nearby or similar neighborhoods)-Is it walkable or are projects in place to make it highly walkable for residents-Is it near highly desirable activity centers -is it unique (for example - Can it get historic designation)

Five units and above is a commercial property, and is handled differently in the market.

highlight_post=4170358&page=5#p4170358@Scott Innocente, has been a huge asset to me in finding decent MFRs and off market possibilities.

Ive invested in the Boston & DC markets for 22 years now.

Granted, the real estate investing market was better in 2016 than it is now.Best of luck to you with whatever decision you make.

what would you think of a 14,600sqft 3 unit property in sailboat bend, off market, that is RMM25 zoned and has a nice single family and duplex behind it, half of the lot if empty so it can be developed or RV/trailer parking, for $1.1M?