Your best route might be to buy a 2 to 4 unit property that you can live in and rent out the additional apartments.

This plays into the affordability issues for tenants by allowing them to live in nicer neighborhoods for less money, yet I get monthly revenue comparable to short-term rentals.I have also shifted my focus to buying better.

My wife and I have been buying rental properties for 20 years.

There is a case for buying well-located solid assets that produce immediate current cash flow at reasonable leverage. 

So I have my house that refinanced in 2020 for a 15yr 2.5% rate and we have about 56k equity. Purchased at 211k . We have an opportunity coming up from a family member who is willing to sell us my childhood home for w...

Are you chopping down there equity for an early buy-out?

@Dennis Bragg, how did you factor improvements and market appreciation into the buy-back price?

The work product was also very marginal for the price.

I am looking to purchase an extended stay hotel. I would like a book or program recommendations in order to learn how to purchase and manage the extended stay hotel. Thanks for any help you can provide! 

Quote from @John Friendas: There's a house I'm considering buying with a business partner as an investment rental.