You have to evaluate if the borrower first has the ability to pay, then do they have the willingness to pay. 

My concern, though, is committing to a long-term stay that could extend into the peak season, potentially limiting our ability to capitalize on higher demand during that period.Has anyone else faced similar challenges with their STR during the slow season?

The problem with selling is a lot of that equity will be lost when you sell it either through taxes or payments to your listing agent.If you ever have the ability to limit these types of fees and still be able to use your equity to fund additional purchases I think you should.

Hi all,I am thinking about buying a Duplex that might have the ability to be converted to a Triplex.

Now that I see how things work and have the ability to do it, I want to pass down a legacy and set my kids up a few hurdles ahead like many other communities.

The numbers are trashy now but with the right approach, resources and ability you will come out on top.

So, you may not have have the ability to increase rents because Section 8 limits how much you can charge, which may not keep up with inflation.Not everyone has Section 8 issues as my clients had, but you will more likely to have more problems than with non-Section 8 tenants.Multi-Family vs.

It has great potential and the ability to cash flow nicely.

The State of New Jersey has just passed a bill that would ban the conversion to condos for all housing only in Hudson County.

If you are not starting from a very strong financial position and you do not have the ability to quickly stockpile cash quickly from other means then I definitely agree with that statement from the book.