Over the next 5–10 years, I plan to scale to a portfolio of rental properties and eventually diversify into syndications.I’m particularly interested in the Lynchburg, VA market and other areas with strong rental demand.What I Bring to the Table:I’ve been saving aggressively, and I’m exploring physician loans to help get started with minimal upfront costs.I’ve done a lot of reading (shoutout to BiggerPockets books!)

Eventually there should be quite a bit of distance between net income in the mortgage. 

Stack, a fact which should come as little surprise :) An eventual future bill now seems likely to prohibit conversions in Union City alone. 

You won't be forced to de-convert unless you have violations...eventually the city will start fining you.Very critical terms are non-conforming (no violations - grandfathered in) vs. illegal (violations)...

These big-ticket items will still need replacement eventually, and having a reserve fund helps avoid financial surprises.

I may eventually just stay in one, and buy others just to rent out without me moving every year or so.

The PMC’s infrastructure will be instrumental in ensuring these projects succeed, helping to grow the portfolio quickly and efficiently.Endowment VisionMuch like a university endowment, the long-term vision is to use the real estate portfolio’s profits to fund community-focused initiatives, such as:Affordable housing programsJob creation and training opportunitiesSupporting local businesses and entrepreneursThe income generated will eventually sustain key community programs, such as feeding elders and spurring economic activity.

Adding in the layer of not being on the loan but holding title just sounds like it will eventually lead to problems like OP experienced.

Thanks for the suggestion. to answer yours, I’m hoping to start with acquiring, then eventually development.

Eventually, my goal is to scale into the development world, but in the meantime, I am looking for my first couple deal.