and with record new class A multi-family coming online now and 2025 in Austin/Dallas/Houston, perhaps focusing on multi-family would be most lucrative for you, which you already have personal experience in, over next few years then you can acquire really good value deals as prices will likely come down quite a bit, ie more supply/higher 10 yr etc.     

My fear is that acquiring a of couple properties with a mortgage and then BRRRR later will likely put us in a position where we won't have as much cash left for an "all-cash" purchase and then BRRRR.A few other points for context:1.

These threads within multiple threads make my eyes hurt lol...Yes but my properties were acquired pre-2013 so in a much different market. 

I have a goal of acquiring my second rental property in 2024, specifically a house hack.

I mean I have seen people acquire 100k homes but after everything was done (fines, unknown repairs, theft etc), they were all in for 350k.

I have been threatened multiple times by someone that does not like the agreement he made to sell me a property (sellers remorse but it occurred 2 years after I acquired the property - or at least that is when he first communicated it to me (I told him I did not have a Time Machine). 

Market price to acquire said residence follows a math output from; demand vs supply (this pushes price variations up or down from the "basis"), and Cost To Acquire. 

I have been reinvesting my capital back into my business and acquiring more land.My next goal is to expand into multifamily development and secure additional land.

There are obvious benefits to acquiring properties that have permitted work, but I want to see if anyone can explain why some folks allow unpermitted work.

We had created an LLC to own the property, but we found out that the new entity could not own the property because the 1031 exchange purchase must be acquired by the same parties.