I live about 30 minutes outside of Knoxville in a used-to-be small town that is booming and shows no sign of slowing down.

I have been looking at duplexes in the tampa area (strictly for investment, I live in Colorado), I don't think small unit multifamily will slow down by any means in the Florida area. 

Looking to rent out the property for cash flow (After some small updates / maintenance) and continue to build equity and loan paydown while I house-hack into a 4-plex in the Volusia County area.

My conclusion then was this: if an investment pencils as cash flow breakeven or a small positive cash flow, using conservative underwriting assumptions, it would be worthwhile to buy despite the high interest rates.Real estate investing has three main sources of wealth building: cash flow, appreciation, and tax benefits.

Also start small.

If you dont like the idea of house hacking Id say maybe start with a duplex or something and maybe work up to a small multi unit.

Hello Everyone, Greatly appreciate any thoughts on the matter.We have a property in Big Bear, CA and it is making a small profit this year, but it is strictly an STR.

I, nor any other agent in our 100% locally owned and operated brokerage pass that fee on to clients, accept on very small sales where the commission to us is going to be too little to absorb that $250.

You could get a HELOC in it (as long as you are still living there) and use that money to do some other investing. 5 years from now the beach house could be worth as much as $1.5M which would make for a great $1M 1031 exchange into a small apartment building.

If not, you may want to take a small risk and put the money in an after tax brokerage account and invest in some index funds.