I feel if you can do the 1031 you should lean towards that.

I am really leaning toward multi family units.If it matters I am in Central Michigan.ThanksShawn Realtor's license is not going to help if you plan on buying and selling properties yourself.

Regarding the issue of rising interest rates, ensure that the DSCR remains robust under higher rates and lean towards fixed-rate loans.

Think about it: most of them are able-bodied adults who choose to live (mostly) free off the backs of others rather than contribute to society.Rent payments are usually steady, but Section 8 tenants took a lot more work upfront, throughout their tenancy and at the end of their tenancy.

Let’s be honest, I’ve watched folks who jump into this game as if playing roulette.. firing off offers on duplexes in Phoenix or leaning on some “sure-thing” house hack in Austin without ever sketching out their plan.

@Josue Ramos,Huntsville could be worth checking out since you’re leaning towards appreciation over cash flow.

Up until then I was cheerleading the earlier thought experiments about supporting lean/regular/fat income with ~$1000 / month per paid off SFH, thinking “I could bang that out in 5 years”.

@James Wise I'm getting lean in 2025 bro.

If you have an immediate need for a large sum of cash, I'd lean cash out.

They will also dictate the terms of the loan, how it's filed, qualifications, etc.However, if you mean PML as in your friends/family that have NO experience in real estate and just have money sitting around...then I would certainly to counsel you to lean on some type of mentor or other experienced investor in Houston on what to do.