The location has visitors year round and has been an overall great investment so far.However, we're wondering how we can go about getting our 2nd property in the most cost effective way possible.

(Effectively doubling the taxes.)

It's a very tough scenario especially if they have been effective for you for a decent amount of time.

With this income, you then fund the solo 401k to effectively tax defer your earnings.

Not quite the Doomsday scenario Elon Musk is afraid of, but certainly a reasonable concern.Additionally, with Berkshire’s surging cash pile nearing $200 billion, it is difficult for Berkshire to find a way to deploy capital effectively in a way that “moves the needle”.

If not, generate cash and build credit profiles for free i.e. 800 FICOs and 80 PAYDEX LLCsbecause when you need to raise money, the more options the better.If you need any advice on building credit effectively on the cheap,feel free to reach out :)This is my opinion and I'm not licensed,John Acheson, MBA

Then I started thinking, perhaps I could acquire a turnkey 2b1b and do an addition to force appreciation and refi on the backend with a larger 3b2b and still effectively BRRRR and have a new rental in my portfolio.

If you are working your local market, there are other methods of finding leads that are more effective than cards or letters . . . see what is working in your area from REIG members.

Many on here will disagree with me, but owning scattered site single family portfolios is an effective investment strategy is there is a a significant appreciation event that occurs.

Just to add my two cents, I think the most important aspect to be a successful investor, in any market, is to have an excellent team in place that will help cut your learning curve significantly, help you to quickly identify the prime areas to invest in that market and manage your properties effectively!