I personally know of people who chased the STR Shiny object, could make it work and had to sell at a loss.I think these people didn't do a great job of due diligence and were overly optimistic of what they could make.

Given the property you would move out of will cash flow, doing a refinance would allow you to obtain cash in hand while generating cash on the rental.Ko, I appreciate your response thank you.I guess any delay would be in the hope that a year or two from now maybe we'd see more like 5% mortgage rates, could be too optimistic but at 7% currently there isn't much cashflow to be had.  

This is especially true when you utilize low money down to purchase multifamily.Caution with Out-of-State Investing: Investing out of state entails complexities and reliance on unfamiliar parties, which may pose challenges compared to local investments where you can easily drive to and learn more quickly about.Realistic Assessment of "Cashflow" Markets: While investing in cheaper, cashflow-focused markets out of state is popular, it's important to recognize that the numbers on paper often differ from reality, and success stories may not represent the norm.Manage Expectations: Be wary of overly optimistic narratives and calculations, and ensure your investment decisions are grounded in realistic expectations and thorough research.

steps to decide: 1-flush out the cash flows & sales proceeds of both scenarios, discount them based on what % of the return is likely to be realized vs "optimistic"2-find a delta in the cash flow of the risk-adjusted outcomes (pretend these are your most-likely outcomes)3-determine your time investment on the self-managed opportunity4-divide line item 2 by line item 3 and compare against how much income per year / hour your time is roughly worth5-if this figure is less than your desired income, avoid the time commitment investment; and if the figure is more than your income, buy the time commitment if you're wiling to do it.

The numbers for 2023 are poor, but 1) I am optimistic will improve 2) I have already done great with these purchases 3) the appreciation from market appreciation was good (this on top of the value add appreciation on the 2 new units).  

40k sq ft on the size parcel of 2 to 3 acres sounds optimistic.

Investors: Leverage on DSCR loans will continue to suffer with higher rates - prices have not come in enough to generate competitive LTV%, but be ready for buying opportunities.Landlords: Keep rents competitive and focus on tenant retention.Everyone: Buckle up for a bumpy ride in the first half, but stay optimistic for the future.

I'm optimistic about potential appreciation in this area.C) 1031 Exchange into a Rising Market: I'm eyeing markets like Columbus, where the growth prospects seem promising.

You may be a bit optimistic with that. 

I have recently joined this site, and is fairly excited and optimistic about real estate investing.