This allows you to keep your Airbnb equity intact for future opportunities while managing your DTI limitations.If you need help navigating this further or finding the best financing options, feel free to reach out.

You’re right, though, that you’re unlikely to generate much cash flow, if at all, if you invest in your home state.One option would be to look out of state.

Vacant will be the best option unless you have a good high paying tenant on one side that you can show is adding value. 

My husband still works, and he has a consulting business, so for now we are ok, not great but not yet dire, he works 100% remote so only if it makes financial sense moving OOS to fulfill next step to get to financial freedom- it is an option . current picture. 

Two options- pay the Architect to make revisions or hire a Plumbing Engineer to create plumbing drawings.

Southdowns is also an option, but it's a little more expensive. 

These strategies reduce living expenses, offer easier financing options, and are ideal for college towns, urban centers, or large employers.

And what do you mean by a good backup plan, like having the option to turn it into a LTR?

Quote from @Account Closed: Hey guys,I have no experience but after looking at all my options I have come to a conclusion that my best move is to buy land and develop multi-family apartment building (15-20 unit) 2 story somewhere between Miami Jupiter.Budget for everything 3MDone with cash + 6% line of creditLooking for long term holdI would love to hear any insight on what areas I should look at, ballpark of build price (hard costs and soft costs) and would love to network with anyone in the area on this.ThanksIf you're looking to develop a 15-20 unit multifamily building with a $3M budget between Miami and Jupiter, there are a few key things to consider:Land Budget: Aim to keep land costs around 10% of your total budget.

If your lease does not address this, then I recommend you have the conversation quickly.I give tenants two options: 1.