Technology makes long distance investing possible, but it's still easier and less risky to do it close to home. 

Love that you’re thinking long-term and thinking about leveraging house hacking to speed things up—a great strategy for building wealth and replacing W-2 income.I would imagine that cash flow is tighter in Salt Lake City, but don’t let the 1% rule discourage you—it’s more of a guideline than a hard rule.

Congrats on owning your first home in North Port, FL and looking to take that next step into long-term rental investing.

My career has been centered around helping businesses scale through strategic sales initiatives, but I’m now channeling that same drive into real estate investing to build long-term wealth.My wife and I are in our early 40s, both work full-time, and are raising four amazing kids.

Mainly looking into flipping some houses and also small multifamily properties as long term rentals. 

The benefit of this is that you are not paying Hard Money rates so in long term there is a lot of savings going this route.

Then they complain that our process takes too long!

Mostly on a long term scheduled with deferred maintenance. 

Also underwrite deals as if they were going to be a long term rental and then work up to an STR.

Purchase price: $550,000 Cash invested: $145,000 Sale price: $915,000 This was a home run for a long term (5 years) buy & hold investment property (I specialize in this area). - Initial investment of $145K (DP+closing)- It had one tenant for 5 years and 3 months (no turnover), and the tenant paid off the mortgage and expenses in those 5 years.- I spent around $30K to do upgrades before selling.- Sold it for $915K after 5.5 years (received $442K at the closing)- Did 1031 exchange and bought 8 SFH in NE & AL worth of 1.6M (brings $4k/months income now) What made you interested in investing in this type of deal?