So, make sure YOU understand the copy & paste info below:Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

We were a family of 7 living in a 2-bedroom home.

It is not typical that you will find SF deal after deal, and if you are actively marketing for distressed sellers many...most...will want cash sales.

So you can sell, bank the money, and wait as long as you want to find the perfect home for your family. 

Recent discussions in Bloomberg and the Yale Law Journal shed light on the challenges posed by traditional zoning regulations and offer insights into potential reforms that could benefit co-living arrangements.Zoning Laws and the Definition of FamilyTraditional zoning laws often define "family" in narrow terms, typically limiting residential occupancy to individuals related by blood, marriage, or adoption.

They offer a mix of historic homes and proximity to downtown, making them attractive for renovations and flips. i totally agree, how long have you been investing?

Ensure you collect a proper security deposit (typically one month's rent in Florida) to cover potential damages.Your plan to increase rent next year makes sense given rising costs (taxes, insurance, and maintenance).

Undecided on wether it will be a multi family, duplex, or a single-family home.

So I want purchase it as my first rental property it's going to need rennovations for sure not terrible shape just older rancher home.

House hacking is the primary strategy I have used to grow my portfolio and that's the typical client I work with as well.What strategy are you interested in?