Because of the additional income I am producing through the consulting business, I am afforded the opportunity to invest money in real estate.  

Additionally, many states offer property tax exemptions, significantly reducing expenses.

Principal balance currently at 314kProperty Details: It's essentially a "2-in-1" property, with the main unit rented out for $1,900/month and an attached ADU bringing in an additional $1,200/month.

Plus, we like to make it fun so there will be 2 evening events, in addition to all the daytime sessions.

You can later transfer the property to the LLC, but be aware it might trigger due-on-sale clauses or additional costs.

In addition to that, building your network is key.

If things work out, we'd like to have at least 1 additional property before the end of the year and have 8 in 8 years.

You will likely need to rehab for any strategy but Co-Living will be more bedroom additions which is less cost compared to kitchen and bath remodels that are more needed for furnished rentals. 

In addition to public Service Jesse Brewer is a real estate broker with over 20 years’ experience in dealing with rental properties both as an owner / manager, but also as a broker selling them.

In addition to the interest of the loan, you'd also be paying this as well.