I lived in and renovated or renovated and rented.

I am passionate about helping investors build life-changing wealth through scalable portfolios.Background:Currently pursuing a Doctorate in Business Administration, I is fluent in Spanish and have spent a decade in nonprofit work and overseas missions.

@Sean Dillon figure out how to buy a 2-4 unit with FHA loan.Then rent at least one of the units long-term for stable cashflow.Try STR in another unit as well as the other bedrooms in the unit you live in.You may even consider living in the basement, attic or worse unit in the building to rent everything else out and max cashflow. 

Closed with no issues, inherited great tenants and have really enjoyed living in this neighborhood Lessons learned?

Always be cautious of what you charge on things like paint, flooring etc.. most judges will use life expectancy and divide out a pro rated amount you could charge the tenant for excessive damage and not normal wear and tear 

Plus, if you’re also thinking about a lifestyle element, who doesn’t love living near the beach?

Let them know how much you enjoy living in the home and mention that you’re planning to buy your own property in 2025.

I love living in CA, but if you're an investor and like to have your properties in LLCs, it kind of suck. $800 yearly tax for each LLC.

Quote from @Unal Baris Kancoglu: I bought my first multi-family home in 2024, and I am living in it.

At this stage in my life, these equity plays are more impactful than holding onto a property for a couple hundred dollars of monthly cash flow.What’s your take?