The market is saturated and it's unlikely demand will increase substantially any time soon. 

Reality check:  how many homeowners are going to sell you their house at such a substantial discount? 

These strategies can also apply to foreign STRs if you meet material participation and substantial services criteria.

CMHA also approved a substantial increase in the section 8 rents.  

And while they are convenient, the level of convenience they provide are not substantial. most tenants outside of A Class will complain about having to fill an ice tray.

If long-term, rebuilding the home could offer substantial future gains, but keep the high construction costs and California’s permitting process in mind.Mariposa homeThis emotional project has potential as a vacation rental due to its location.

Multi-Family PropertiesStarting out, it's crucial to balance potential returns with manageable risk.House Flipping: While flipping can yield significant profits, it requires substantial experience in project management, cost estimation, and an understanding of the local market dynamics.

Installation Costs and IncentivesAverage Cost: Residential solar systems typically cost between $15,000 to $25,000 before incentives for a 6kW system (suitable for an average home).Incentives: Illinois offers substantial incentives, including:Federal Tax Credit: A 30% federal tax credit applies to system costs.Illinois Shines Program: Provides Solar Renewable Energy Credits (SRECs) that homeowners can sell for additional income.Net Metering: You’ll receive credits for any excess energy your system produces, reducing your utility bill.2.

Compared to the recent pricing peak in May 2022, single-family home prices in Austin are down approximately 15%.For some broader context, here’s a chart of the median sales price of a single-family home in Austin over the past 10 years:As you can see, prices in Austin are still substantially above pre-pandemic levels.

In addition to some of the great advice above, I would put some serious work into your personal household budget and building up a substantial (6 month) emergency reserve fund.