This property is in the area of Brown University in Rhode Island.  

This extra road frontage now also qualifies my property to be able to be legally converted into a triplex from a duplex.

I was talking to a RE friend.He said it's a bad time to buy* rates are high* homes are expensive in most marketsLooking to hear some counterpoints. Thanks

Legal entities are set up for this purpose.  

This is correct. 

To achieve this, I’m planning to scale rapidly by performing a couple of syndications to acquire a larger portfolio.I currently have a portfolio of 17 properties, but to justify labor costs and create a sustainable structure, I need to expand quickly.

I have found enough business and made enough money not to need to expand outside of this market.Section 8 is a whole different ball game but I find the program is unique in that it's a 3-party relationship adding the variable of a government agency.

Quote from @Deirdre Lizio: This is not an "either-or" consideration.

@Chloe Salcedo EXPAND YOUR PERSPECTIVES:)Know a wholesaler that does business in Michigan and North Carolina.So, why can't you help your sister wherever she is?

A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.