That way you have a fallback plan if it gets overwhelming. 6.

We are building a place with HELOCs then after it is built we will finance it and pay off our HELOC, at least thats our plan. 

.- The townhouse you're moving into is currently a rental, but you plan to live there two years for the 121 exclusion.

Additionally, another neighbor who owns an adjacent parcel has expressed interest in joining the project, contributing their land to the development as well.I believe this could be a great opportunity for all of us, especially as a unique retirement plan for my family and my neighbors.

Like @Collin Hays said, it is being driven more by neighbors tired of poor STR owners not keeping things sorted.We only look for places in vacation areas with a long history of owner driven STRs vs big cities and the like.

Now, are you planning to house-hack and live in one unit, or going full rental?

Quote from @Nithin Kumar: New to Phoenix and hearing a lot of places for rental investments but trying to figure out from the pro's around to find what are the areas that can break-even on a monthly basis and the areas that can show appreciation in the nearer term. planning to put down payment of 30% (~100k) Hi Nithin, I live in North Phoenix myself and would recommend anything around the Paradise Valley Mall area.

Also, without even looking at the plans a 7 unit building will likely have flawed floor plans and/ or an inefficient layout unless its an irregular site.

I plan to continue to invest in southwestern Ontario (London, Woodstock, St.

I'd like to accumulate enough properties to cash flow 6 figures, which would likely be a 20 year plan.