Quote from @Ian Hutton: Quote from @Jay Hurst: Quote from @Ian Hutton: Hey everyone thanks for the feedback, I did forget to mention I plan on buying more properties (which is why I’d like to reduce my debt) let me know if that changes any answers, but sounds like paying off the 88k 6.4% interest is the way to go  If you plan on buying new properties do not pay off any debt.

Already planning to come back in September or sooner.

But I usually heard this from people who had never owned a business before, didn’t have the cash to back up their plans, and often were planning to maintain full time jobs.My advice: Start with one business.

New flooring, paint, appliances, toilet, etc..

I plan to buy one or two more properties with the $200k, but then I will be out of capital.

I am in contract on a duplex in Grandview where I plan to live in one side and rent out the other.  

Has anything been planned yet? 

Planning is key.

Learned all the lessons needed on this one for sure.I am now feeling the positive pressure from the huge mistake and looking to leverage all the resources I can to make sure I do long-distance real estate investing the right way from here on out.GOAL: I plan to purchase 3-5 SFH to hopefully cashflow $2,500+ in the next 2-3 months.

Your plan to house hack a multifamily property in Indianapolis is a great strategy to start building equity and learning the ropes with manageable risk.