@Brian LuterYour focus on small multifamily and land acquisition is a strong strategy, especially for scaling and long-term value creation.

From there once a deal makes sense, pull the trigger, a lot of folks get stuck in analysis paralysis and I’m not saying don’t do your due diligence or be smart about it, but acting quickly and with intention will benefit you greatly in the long run.

I would plan to long-term rent the property from day one and would never reside in the property before renting.  

I have one long term partnership that we share capital but I still do all the work ( rain maker) he is a cpa so he does do the books and tax return though :)  WE built one subdivision together were he put in 500k and I made him 1.2 mil in 18 months net profit so that was not bad.

.: How long have you owned?  

., as long as you know (or think you know) what you are in for.

Long time reader 1st time poster.

In 2024 I can't do roofs anymore for 8k, so adjusting for inflation the 60k is probably going to be more like 80k.So how do you make this work long term?

A refi makes more sense if you plan to hold the property long-term as a rental.

MTRs fall into the standard long term rental( 30 day +) category and will follow those regulations set for Long term rentals.