And that is the reason why a LIRP can provide much more retirement income.You don't pay interest on the loans and the death benefit pays off the loans when you die.

Congrats on your pre-approval and your plan to make Florida your primary residence while leveraging house hacking or short-term rentals (STRs).

While it is a super nice home and seems like a great price to many of us, if you decide to sell, what is your pool of buyers? 

New Britain is where you are going to get the best ROI like you mentioned and this is because as a whole there are more areas within the city where qualified tenants are looking to live and the purchase prices are lower while still maintaining competitive rents.

My Background & Current Progress:• I’m working full-time while attending college, looking to start investing early to build wealth.• I’m currently in Atlanta, GA, but I’m open to both in-state and out-of-state investing.• I’ve started looking at affordable markets in the Midwest and South and have recently focused on Northwestern Pennsylvania after speaking with an agent there.• I’m also in contact with a property manager in PA to ensure I have the right team in place.• I’ve spoken with Sophia from BiggerPockets as a starting point and have watched a lot of YouTube videos, but I need guidance on taking the next steps. 

@Alex Yeater not sure if you got any follow ups on this, its been a while. not sure how far you are on your jorney.

Also, while it won't cashflow right away, rental rates will continue to rise and in 3-4 years it will very likely be a cash-flowing property (it's in a prime location with tons of upside and development going on around it). 

I'm a professional musician and have dreamed of being in the real estate game for many years while I read books and listed to pods on the subject.

The initial area I will focus on is in NE FL and has the following: - Population: 81K - Median HH Income: $109K - Median Age: 45 - # of HH's: 32,958 I'd like to keep my area smaller in the beginning so I can better controll marketing expenses, while avoiding spreading them too thin. 

I wasn’t handed a blueprint for success—I had to build my own, piece by piece.Right now, I’m navigating real estate while under pressure and recent setbacks .