It really highlights the value of having strong partnerships, effective marketing, and a sharp eye for profitable properties.One takeaway here is the importance of leveraging connections and networks to identify similar quick-turnaround opportunities.

Also, keep an eye on local zoning and landlord-tenant laws—they can vary quite a bit.

I'm just suggesting you be well informed:I loved reading Robert Kiyosaki's "Rich Dad Poor Dad"... it was extremely informative and eye opening... albeit told in a bit of a crazy way.  

this was and is starter homes in the SF bay area all the way back into the 80s.. rest of the country just catching up..

You may hear different from some here, but my advice is NEVER purchase something you don't lay eyes on. 

Often people set too many goals which always reminds me of the Chinese proverb, “If you chase two rabbits, you will not catch either one.”

MFDUs in high-demand areas like Asheville might be limited, but it’s worth keeping an eye out for smaller duplexes or triplexes that align with your budget.If neither works, continuing to rent while buying a pure investment property in a more affordable nearby market could make sense.

Also, as others have noted the way you appear in a lenders eyes will change as soon as that $500k salary goes away.

That kind of shoot-from-the-hip approach can be fun for a minute, but it usually ends up like my old buddy Rick’s first deal.. he bought a distressed fourplex in Tucson years back without a real plan, and while he eventually turned it into a solid monthly cash flow, he spent the first six months sleeping with one eye on the tenant ledger, praying the HVAC wouldn’t bail on him after a hot desert day.

Imagine if he does a perfect install job, but the unit catches fire anyway?