Purchase price: $500,000 Cash invested: $100,000 Purchase aimed at creating a steady income stream, while also offering significant potential for long-term appreciation.

I wanted to house hack and purchase a property that has dual streams of income.

Your projected pro forma will use your updated costs (such as increases in property insurance and taxes, upcoming repairs) and income (increased rents or added income streams).

Purchase price: $250,000 Cash invested: $250,000 Build out income stream with fix and flip upon tenant exit

I have short term (12-24 month), 5 year, 10 year, and 15 year projection models...sometimes I'll mess around with longer term (20+ years) projection models, but it's pretty difficult to project that far into the future, because there are so many unknown factors--so, the longer the projection model is, the less I tend to believe in its feasibility...My projection models allow me to make more informed decisions about things like: whether to buy or sell a particular property, whether to refi a property, whether to rehab a property, whether to pursue or abandon a particular revenue stream, how to approach rent increases, how to manage risks, what debt to pay down first, whether a particular goal is worth the amount of hours I'll need to work to achieve the goal, what my goals should be, how to achieve various goals as efficiently as possible, etc., etc.A good projection model will show you not only how to reach various goals, but it can show you all sorts of potential roadblocks that could prevent you from reaching goals (as well as potential solutions to those problems).

Cleveland offers a strong rental market driven by a growing population and can help ensure a steady income stream.

Next to the California Theater and Regal Movie Theater.In your experience, what is the best way to attract a restaurant tenant to a property like this?

This journey, is the transition from primarily active (ordinary) income to a portfolio characterized by passive income streams, benefitting from tax-efficient strategies like PALs.

(You act as the bank)Charitable giving to offset gainsTransfer the home into a trust (Like a CRT for example) that will avoid capital gains tax and you can have pay you a set income stream until your death and the remaining funds would go to charity.None of this is or possibly could be advice, I don't have enough info to fully know what is "best" but these are some ideas to think about!

If I buy the revenue stream I'm not buying "Peter" with it.