I could come up with a down payment for an investment property in a different state easier than my home state at prices are pretty high in the 300-400 k just for townhomes.

Quote from @Richa Wardhan: Hello everyone,For those who call St Augustine home/ investment home , how challenging is the process to build an ADU on your property in St Augustine?

Hi Brad,It looks like you had lots of great answers already, but I wanted to chime in with my two cents.Using Traditional IRA funds for a down payment on a single-family home (SFH) investment property can be tricky because the IRS has specific rules regarding retirement accounts and real estate investments.

Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.

Most homes in our area double in value every 5-10 years.

Part of the reason coastal values haven't quite scaled to heights of neighboring states is the remoteness and lack of winter sports and high end amenities and entertainment, but that doesn't mean trophy estates, ranches and homes don't exist.

To answer your question, if the home is priced at market rent, we are seeing our rentals lease out in 25 days.

So I bought a single family home for 315k that was considered inhabitable.

If you add unit to your home, your home likely became rent controlled.  

Positive Home Value Growth ForecastWhile the pace of home value appreciation is expected to moderate, Zillow forecasts a 2.8% increase in Buffalo’s home values for 2025, indicating continued market strength.In summary, Buffalo’s combination of strong job growth, relative affordability, limited housing inventory, strategic location, and positive home value forecasts solidify its status as the nation’s hottest housing market for 2025.