We are unique and build from the ground up, all in-house, and I already own all the land to develop. 

Quote from @Sarah R Pullen: My husband and I are trying to form our goals for real estate investing over the next several years but are feeling like we need advice on what options our best based on our unique situation and objectives. 

Quote from @Jaycee Greene: @Haleigh Nelson That's a very unique scenario that isn't easily translatable to the analyzer.

Pairing a smart lock, such as the Schlage Encode, with Hospitable saves so much time since Hospitable seamlessly automates door code management by creating unique codes for each guest reservation and then, subsequently removes the codes after the guest checks out.

I prefer to stay out of the city if possible.

As a Pacific Northwest native, I’ve seen firsthand how the region’s unique blend of natural beauty, vibrant cities, and year-round attractions make it an incredible place for short-term rental (STR) investments.

So it does appear to be possible to get an FHA 203k loan for a 5-unit & convert to a 4-unit.When possible, aim for the Limited (aka Streamline) 203k loan, as it's less complex, not required to get an FHA consultant, etc.Of course, this is based of the two following important assumptions:1)  zoning allows for this2)  and obviously I owner occupy for at least 12 months3)  the total purchase price + renovations are within the FHA loan limits specific to my areaWhat I'm confused about is the timeline or chronological order of the process? 

The combination of increased inventory and shifting market dynamics offers a unique opportunity to secure properties in desirable locations.

Hi Amy,Both strategies can work well, but renting out rooms in a large home comes with a unique set of pros and cons:✅ Pros:Typically lower purchase prices than multi-family properties.Potentially higher cash flow if rooms are rented individually.Easier financing compared to multi-family properties.❌ Cons:Higher tenant turnover and potential roommate conflicts.Zoning or HOA restrictions in some areas.Managing multiple leases within one property can be challenging.If you’re leaning toward this strategy, it’s important to set clear house rules, screen tenants carefully, and have a solid management plan in place.

For co-living spaces, it’s important to confirm that lenders are comfortable with the unique rental model, as it can impact property valuation.