Some people make 4x the rent but squander their income on eating out, drinking, car payments, etc.

@Puneet Mahi,Property management can certainly be a profitable business, but it’s more complex than many people realize.

From my understanding, it might be more advantageous to refinance as a rental property at a lower LTV with income from two units, rather than as owner-occupied at a higher LTV with only one rental income considered.

@Jordan Meltzer unless you find a screaming deal - a Class A property won't cashflow for 3-5 years.Class B: 1-3 years.Class C: most investors don't properly understand the risks, so should stay away from them.So, you may need to deal with negative cashflow, but plan on appreciation increasing your wealth.

I totally understand that it depends but I think what I am looking for is a bit more input and guidance.

As a property manager, it's crucial to understand the nuances of these fraudulent practices, recognize the signs, and implement strategies to mitigate risks effectively.Understanding Rental Application FraudRental application fraud occurs when a prospective tenant provides false information on their rental application in an attempt to secure a lease.

The key is understanding your comfort level with managing multiple units right out of the gate.. 

Most people who invest internationally invest in short-term rentals and, unsurprisingly, that's what Mark is asking about.

Local market knowledge is absolutely critical, and it helps to work with someone who really understands the landscape and its nuances.As others have mentioned, it’s a broad question that’s tough to answer succinctly, but I hope this provides some clarity!

I understand if you want to sell 1 of the lots, but I'm not sure about your concern about paying off the debt so that you own it free and clear.