Since we’re in the early stages, do you have any tips on building meaningful relationships with lenders or private investors for future projects?

From there, I would like to consider a 1031 exchange in the future to acquire more units.My current property management company suggested that they could handle a mid sized apartment building but I would absolutely not consider them for it as I believe they have overextended themselves and communication is lacking.

Karin,I know I’m a bit late to this post, but I’d like to offer some advice for your future investments.

I hope with this extra info you can see more clear my current and future goals. 

Quote from @Spencer Elliott: Long story short, land is on loan and I’m purchasing a manufactured lot as a temporary home/future ADU to my final build.

It’s awesome to see your passion for real estate investing and your clear goals for the future.

A hybrid approach could also work—perhaps using a HELOC for reserves while saving the stock portfolio and 401k loan as backup options for future opportunities.

We have offered to allow her to pay a reduced rent for the first few months as well but I am worried that may create some sort of limit on how much we can raise the rent on her in the future.

Will you need the equity in your primary home for any future personal expenses?

Now that Kaaren has mentioned a self-directed HSA I think I'll definitely look at that in the future, there's not quite enough saved up in there yet to make sense to invest in truly alternative assets but at some point maybe!