Looking at pure spreadsheet math and common convention; if you pay down your mortgage you are effectively making that interest rate on your money. 

Their role is purely administrative, so if you file incorrectly or choose the wrong entity type, you’re on your own.3.Hiring a Lawyer or CPA (White-Glove Service):This is the most comprehensive option, with costs ranging from $1,000 to $3,000.

Congrats - would you ever buy in this market for pure investment purposes or do you think its mostly just a good market for a owner-use vacation home?

The STR, if purely an appreciation play,  is speculation to me. 

I am debating about the converting the existing old gutted building to either multifamily building (6 units each around 500 sqft small studio) or mix of 4 residential and 2 retail/restaurant conversion (the back side of the property has Big enough lot for outdoor dining or any other use cases.Any recommendations for use case of pure multifamily or mixed of multi family and retail?

Idealizing a past scenario is purely negative.

Originally posted by @Kevin Collins:@Ricardo R.From my experience so far it looks like the benefit of turnkey from REI is purely on the property management side (also tbd as they’ve yet to manage it). 

Stock picking is gambling pure and simple. 

If so, and you're looking at a purely rental property (not to live in at any point) you could consider opening a self-directed IRA to invest in the new property without having to pull money out and pay penalties?

I mean the number of houses you'd need that even purely cashflow, say $500/mo is so many that quitting the W2 makes zero sense for 99.9% of people.