You probably have good relationships locally so I would first think maybe upgrading to more units (if you like landlording and management) by selling the duds and then consider what you want to get into.

You did an excellent job summarizing your experience.

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Setting up an LLC may allow for deductible expenses, and investing in municipal bonds could provide tax-free interest.This post does not create a CPA-Client relationship.

.## Financing OptionsFor Hard Money and Private Lender financing, it's crucial to build relationships with local lenders.

Like @Pat Aboukhaled already mentioned, he’s extremely responsive and has excellent market knowledge.

I'm a GC so I understand her predicament and realize maintaining relationships is critical.

We are starting from scratch on this business relationship and hopefully this will go as promised.

If you are in low to mid six figures say $250k a year -   you would need around $2.5  - $3M in cash to make the similar income consistently and without significant risk.Thank you, Chris, for your thoughtful insights—it’s an excellent point to consider the financial and tax implications of leveraging equity.

Growing enrollment at UA may also potentially push rents upward over time, so that’s an excellent plus.