Maintenance and potential repairs will also require a long-term financial plan and setting aside a contingency fund for such expenses.The steady cash flow, appreciation over time, and tax benefits can make a meaningful difference to your wealth in the long term, especially with the principal paydown on the mortgage.However, if managing the property from a distance feels too burdensome, or if you’d prefer the certainty and flexibility that comes with having less debt (especially given the high mortgage rates), selling and using the $100,000 in equity to reduce your loan for your next home may be the smarter move.

What’s your preferred property type, and how did you decide on it?

Single family or vacation rental (prefer a home rather than condo, townhome, etc) with high or moderate STR (short term rental) value.. in various markets nationwide.

I don't want to take a chance on missing a preferred tenant over $15. 

I will DM you a link to our preferred insurance vendor for a quote. 

Most DSCR lenders actually prefer you to own the property in an LLC, although some do allow you to close in a personal name.

If you prefer to stay local and build equity, house hacking a duplex or triplex in Fort Lauderdale could work, especially if you can add an STR component to boost income.

Consider offering equity partnerships, debt financing with profit sharing, or preferred equity, where investors get a fixed return before you share profits.

@Marcos De la CruzMost of my rentals, when I first started buying in 2010, were section 8 through the housing choice voucher system in Cincinnati. 

I'm new the notes world and frankly the 3-year locked in PPR preferred return of 12% seems almost too good to be true if they in 16 years have never missed a payment or failed to repay principal.