@Ben CallahanRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

🙌 I love your focus on helping others achieve financial freedom through real estate – that's what it's all about!

Multifamily rentals are a great way to achieve financial freedom, and it sounds like you’re on the right path.My advice?

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.

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

@Jim Stanley Keep in mind any expenses of your SDIRA asset must be paid for by the account that owns that asset. 

Maintenance and potential repairs will also require a long-term financial plan and setting aside a contingency fund for such expenses.The steady cash flow, appreciation over time, and tax benefits can make a meaningful difference to your wealth in the long term, especially with the principal paydown on the mortgage.However, if managing the property from a distance feels too burdensome, or if you’d prefer the certainty and flexibility that comes with having less debt (especially given the high mortgage rates), selling and using the $100,000 in equity to reduce your loan for your next home may be the smarter move.

This has made financing more expensive for buyers, but it has also led to less competition in the market, creating opportunities for those who are financially prepared.One of the biggest factors to watch in 2025 is new housing supply.

Want to understand more about tax issues, liability, and asset protection regarding investing in real estate.

By doing this, you’ll avoid any surprises down the road and ensure the deal still makes sense for you financially.