This restrictive definition can pose challenges for co-living arrangements, which may involve unrelated individuals sharing a dwelling.

Investing close to home allows you to gain hands-on experience, learn the ropes, and be more involved in the day-to-day.

:@David Krulac  since we last talked about due diligence on foreclosed properties, I have been reading up on how to minimize risk and have few questions that I hope you can help me out in this example.The subject property is owned by the bank in Delaware county,PA .

For a 3-4 family home, it's more complicated—you're looking at commercial lending, which requires a large upfront investment, high holding costs, and greater risks.

This is one of the main inherent risks with pre-construction, and the pre-construction market has cooled, and with impeding tariffs, there is some uncertainty around where prices will be in the coming months.One thing to clarify, are you looking to buy an investment property or a primary residence (or perhaps abit of both where you live in one unit and rent out the other)?

The trade off course for STR route is more management/cleaning of guests coming and going/risk of no bookings vs not needing to deal with long term renters months at a time if that once they move in.

I have 30+ units and on a regular month usually only spend about 5 hours total on management things, most of which involves collecting rents and bookkeeping.

Quality and risk in Cleveland and Akron neighborhoods will vary widely.

Leverage your construction skills for flips, start with smaller projects to minimize risk, and consider house hacking or long-term rentals for a steady income.

Much like by the end of this decade, I will take those same steps to become even less involved with work and have more times with my kids who will be really developing and that will be my focus.The difference once I made money, and was able to make it make money for me I de-risked by eliminating leverage.