With that low interest rate, you will have paid down a lot of equity in the deal and should be able to finance with a bank.

I’ve seen folks pivot their plans quickly if they discover one city has friendier permit processes than another.Great to meet you @Christopher Jennings - I see that Pat has already commented, she's a fantastic resource to have in your new backyard.

If you're willing and able, I do recommend the "house hacking" strategy which is just a fancy name for buying a rental property and living in one of the units, because you'll get very favorable financing - an owner-occupied fixed-rate 30-year mortgage.I'd also say, analyze that property as if you won't live there and it's a pure rental, and make sure the property is still cash flow positive if there's a tenant in your unit because then you'll know if it's actually a good investment.And when you analyze it, include payment of a property manager in your #s because if you don't, and doing so would make it go cash flow negative, then you've just bought yourself a job because you literally can't step away from managing it without losing money.

I only know a few local realtors/ property managers I’m going to meet with them this week to ask more questions. 

Check their nightly rate, occupancy and amenities.That will give you a pretty good idea of need and profitability.

.: What makes the property unique and why can't you find a different property that meets your needs?

Here are a few markets with solid numbers:Indianapolis, IN – Median home price: ~$175K | Average rent: $1,400-$1,600 | Cap rates: 7-9%Kansas City, MO – Median home price: ~$200K | Average rent: $1,500-$1,800 | Cap rates: 6-8%Cleveland, OH – Median home price: ~$120K | Average rent: $1,100-$1,300 | Cap rates: 8-11%Birmingham, AL – Median home price: ~$160K | Average rent: $1,300-$1,500 | Cap rates: 7-10%Memphis, TN – Median home price: ~$150K | Average rent: $1,200-$1,400 | Cap rates: 8-10%These markets offer affordable entry prices, strong rental demand, and higher-than-average cash flow potential.

They have regular meet ups.

I have liquid assets and want to make smart, scalable investments that balance cash flow, appreciation, and low risk.GoalsGenerate consistent cash flow to diversify my income.Maximize appreciation potential for long-term wealth growth.Invest in areas with low crime rates to minimize risk.Reduce my tax burden for 2024 with real estate purchases.My Current ThoughtsI’m torn between two main strategies:Multifamily Properties:Looking at markets like Austin, Raleigh, and Tampa for 10-50 unit multifamily properties.Love the scalability and centralized management, but I'm concerned about high upfront costs and competition.Section 8 Housing:Considering affordable markets like Memphis, Cleveland, or Indianapolis to purchase 5-10 single-family homes.I like the government-backed rent stability, but managing multiple properties across different locations seems intensive.Key QuestionsWhich strategy would you recommend for my goals and liquidity?

Is it high appreciation area with a low rate mortgage?