Prior to taking on more ambitious improvements, you might build confidence and expertise by starting with a turnkey home.In conclusion, even though BRRR ventures might yield large profits, you should consider the learning curve and any potential difficulties, particularly if this is your first purchase.

Even being an agent I'm struggling to do my first but the difficulty is in my head.Did you plan to build this property yourself and was it being built and you purchased it after?

I have called some local lenders as well as put in online applications but have quickly realized that since my LLC owns the home and it is not owned by my personally that it will be a bit more difficult. I

If you are new to the business and/or building up your credit and you have difficulty securing well priced financing, it's probably best to partner with someone who can help with the financing.

So sale may be difficult I guess I have to look at this as not as investment but as a place to live ?

Here's a breakdown of your options:Option 1: Buy a Duplex and House Hack:Pros:Opportunity to build equity through property ownership.Potential for rental income to offset living expenses.Experience in real estate investing and property management.Cons:Market conditions may make it challenging to find a duplex with positive cash flow.Limited flexibility if you decide to move or expand your real estate portfolio.Option 2: Buy a Single Family Home with Airbnb Potential:Pros:Potential for property value appreciation through renovations.Airbnb income could help offset mortgage costs, especially during the summer.Greater flexibility in terms of future use (long-term rental or full-time Airbnb).Cons:Airbnb regulations and demand can vary, requiring thorough research.The seasonality of Airbnb income might not provide consistent cash flow.The initial cost of renovations and potential difficulties in property management.Option 3: Rent an Apartment and Wait:Pros:Flexibility to wait for more favorable market conditions.The ability to save money for a larger down payment or other investments.No direct responsibility for property maintenance.Cons:Potentially missing out on current low-interest rates.Renting doesn't build equity, and rent prices may increase over time.Additional Considerations:Market Conditions: Keep an eye on the local real estate market trends.

Sorry @Erik I am having difficulty trying to figure out how to respond to your message on my phone.

@Mimi LiederAlthough it has its own set of difficulties, investing in real estate out of state may be quite profitable.

If your land isn't zoned correctly, you will have difficulty building your planned multifamily - even if the next door property is going to be multifamily. 

This is an interesting time in this space because of the difficulty from the jump in rates.