I have heard of a fair number of college students, particularly freshman who struggle to adjust to college and have to return home for mental health reasons.

It depends on what the terms of your mortgage are.Pros-with no mortgage, you have higher cash flow.Cons-if you plan on buying more properties, you are better off saving the money for a down payment for your next place.The big questions are: can you get higher than 7% return if you invest that money elsewhere? 

LLC is a pass thru entity so it should reflect on your individual return

Just enough time to return emails.  

Sometimes an $800k 4-unit could be a better return than a $300k 2-unit...or visa versa. 

I would rather invest in safe markets that produce a good return, then I can use that income to pay for a vacation anywhere in the world.I'm very pessimistic about the STR market in Hawaii.

I did the NC property out of state and was not happy about the returns so future ones will be in my backyard only.  

For example, theirs is relatively less maintenance and comps are easier to find.If you're looking to maximize returns, typically SFH and multi family would yield better returns and wouldn't have the risk of HOA fees increasing.

To be fair annually that would be a 3% return. 

Faced with mounting expenses, extended timelines, and diminishing returns, we ultimately decided to sell the property instead of continuing with the BRRRR strategy.The Insurance Mistake:The biggest lesson I learned was that I had the wrong type of insurance.