I also have a condo purchase I am working a 50%-50% similar deal that is in the $850k range.

And the income approach is not typically reliable, since 2-4 unit property rents typically vary widely, depending on many factors, and the grm's (gross rent multipliers) will reflect that, therefore, causing a wide range in values.

I like option #2 but you might not be able to buy too many homes with just $75,000.You might be able to get into some decent properties in the $200,000 range in those cities which would require 20% down which is $40,000.If you had $25,000 ontop of the $75,000 HELOC, you might be afford the downpayment, closing costs and a small rehab budget.Best of luck!

What is your price range?

There's a credit score range as well.

I have a lot of under market properties for purchase in that price range and under.

Hi, you can find a fourplex in that price range in Kansas City area

@Ricardo Fainsilber In my experience, servicers range from mediocre to terrible.

If your range is short term, perhaps your STR won't feel the impact for a while.

The goal is to buy a property that can pay for it self and still have living space I can use when visiting and to have it before the next summer Olympics in 2028. 1) what price range?