.• Use some equity from the sale to make this transition smoother.I’m torn between maintaining our current home as an asset and buying  a new smaller house to use as a rental after we move back in versus simplifying and focusing on a single upgraded property Considering factors like market trends, potential equity growth, and quality of life, which path do you think would be most beneficial?

This allows them to get more capital so they can make more loans without having to grow their asset base, while also maintaining their relationship with the customer through monthly payments.

Since they are responsible for maintaining the relationship with you after the transaction closes, this approach adds an extra layer of confidence and security to your investment.

If you can identify your real drive, maintain consistency and discipline, and continue networking with other like-minded individuals, I think you will eventually find great success one day.

We send our clients  a comprehensive list of what we see COULD be fixed, as we have no idea how each owner will want to maintain their property(s). 

To thrive in real estate investing, you must maintain a firm grip on your finances.

To thrive in real estate investing, you must maintain a firm grip on your finances.

But because the duplex unit is smaller it is easier to maintain.  

Supplement this far simpler entity approach by ensuring you have appropriate types and levels of insurance, you operate your business in a manner in which your conduct is not considered an exclusion in your policy, you work with licensed and insured vendors, you execute contracts with indemnification clauses with these same vendors/ require additional insured status &  maintain appropriate licensing and permits.

Rules can change, and it’s better to anticipate potential restrictions down the road.Builder Restrictions: Builders sometimes place restrictions on rentals to maintain the "character" of the community, especially when they’re still selling units.