I'd love if the property would cash-flow after we move out, but the neighborhood and appreciation potential is the biggest concern for me.

Your first Multi with those savings and income are going to be a learning experience  (In a good way) However do not go in with a massive cashflow expectation.Some Realtors/Sellers might sell you on unrealistic potential high rents and will be adjusted to the selling price....so do your own research.Are you planning on living there as well?

Operations- tenants refusals, either cull them before they get to you by requiring autopay as an example, document on their application why you refused them, make sure your facilities are maintained properly and no safety hazards exist, etcLLC.

These strategies can maximize cash flow, reduce living expenses, and generate potential returns.Good luck!

@Harsh Poshti from my point of view and given the location's visibility on 355, proximity to the Clarksburg outlet and residential surroundings, a mixed-use approach could maximize your property's potential.

This Millpond Ct property was an exciting opportunity due to its prime location in San Juan Capistrano, CA, and its untapped potential.

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

You'll potentially increase your stress, fail to replace your lost income, and possibly lose part or all of your investment property equity.Focus on replacing your job and stabilizing your finances.

This structure offers liability protection, scalability, and tax benefits but involves administrative complexity, potential California franchise tax if managed there, and refinancing challenges due to personal guarantees.

Here's a quick overview of the process:Highest and Best Use: Start by evaluating the land’s potential.