Just keep an eye on your financing options, the local market trends, and stay flexible if the right deals arise, whether they’re duplexes, SFHs, or other opportunities.

But if you want flexibility and quicker access to cash in the future, HELOC may be more suitable.Yes, you could do either option again later if your property builds more equity!

Hey Diane, Since you're targeting properties under $75K, consider local credit unions or community banks, as they may offer more flexible loan options for smaller amounts.

With $100k, you have a lot of flexibility in real estate investing.

Additionally, consider exploring hard money lenders, as they often offer flexible options for tapping into land equity, although they come with higher interest rates and shorter terms.Another option is reaching out to land-specific lenders or specialty loan providers who may offer land equity loans.

That will likely be around this rate anyways but give you more flexibility if you want to refi in a few years.

I’d like the flexibility of an STR but got comfortable with the risks of local government pushback because I can convert to LTR.

This gives you more flexibility while building equity and gaining experience.Risk Spread: More units mean a lower risk of vacancy impacting your overall revenue.

The seller retains legal title until the contract is fulfilled.Advantages:Lower Upfront Costs: You can avoid closing costs typically associated with formal closings.Control: You can take control of the property to make repairs and sell it while leaving the original financing in place.More Flexibility: Compared to a novation, a land contract offers you more control over the property since you hold equitable interest.Risks:Seller’s Cooperation: The seller retains legal title, which can complicate things if they change their mind or their financial situation worsens.Resale Issues: FHA buyers may require the deed to be in your name for 90 days before they can purchase, which could slow down your resale plans.Subject-To FinancingHow It Works: In a subject-to deal, you take title to the property while the seller’s existing mortgage stays in place.

I think I could manage 15 or so properties if I had to with a full time job, but obviously need some flexibility in job and contractors you must trust.