Some folks want a seat at the table and real control, while others prefer to be passive.. letting the sponsor do the heavy lifting.From what I read in The Economist, some markets (like Phoenix) are experiencing fresh pockets of growth in multifamily, so it’s definitely worth exploring if you’re eyeing future expansion.

Because we were clear eyed going in it has worked out ok. 

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.  

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.

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..

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

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

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

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.