Thanks for the insights,@Jordan Ray I'm aiming for properties that need light-medium rehab using conventional financing, although wouldn't I only want to go the HELOC route after I've used up all available cash first?

. #1 we aim to buy and hold forever. #2 we like the future potential for 1031. #3 would be selling the property and taking the tax hit.

It's a condo that I'll be living in, I'm buying with 0% down, and longer term aim to leverage the equity that I build up and put it into other property, likely out of state.

I want to buy a house-hacking property or duplex around the SoFlo area, but I'm wondering it it could be a better idea to invest OOS in Huntsville Alabama where I could afford a quadplex or something of that measure.

Bring a thermometer and measure the temperature separately from the thermostat to see if they exaggerated the issue.

In the short term, I aim to replace my monthly income from my current entry-level job, I dont make a ton of money so this shouldn't be too difficult.

Also, remind them this is coming from a safety measure for everyone wellbeing due to the climate of crime near our homes. 

I aim to create a steady stream of passive income and achieve long-term financial stability.

As of now, my general plan is to find a local realtor online who is experienced with real estate investing (and has investment properties of their own) to help me find a good local deal (goal is 20-25% return on ARV), get a hard money loan, aiming to rehab/repair/extend the property with my father (both have construction experience) within 4-5 months, and as for the loan exit strategy either sell or rent (depending on the deal). 

With engineering set to complete in Q1 2025, we anticipate breaking ground on the lot development shortly thereafter, aiming to start providing homes by Q1 2026.