Hi @Jessica Carcamo _ I would suggest a buy and hold rental property.

Scott's book The Book on Estimating Rehab Costs, it's quite good: https://store.biggerpockets.com/products/the-book-on-estimat...3) Always build in a contingency to your rehab estimate, I usually go with 20% over what I expect it to cost4) Make sure to account for holding costs too of courseI hope that helps

Then once you move out you rinse and repeat and acquire your next property.

When people cause damages that aren't accidental though such as smoking weed in the property, I still charge the guests and hold them accountable for breaking the house rules.

Currently, I do not own an investment property, and would like to own one in the near future and follow a buy and hold or house-hacking strategy (eventually transitioning to more multifamily).

They can review your specific situation, assess potential risks and options, and provide guidance on the best course of action.Considering Ownership Structures: Depending on your long-term investment goals and risk tolerance, you may explore alternative ownership structures for your investment properties, such as holding them in your personal names or utilizing other legal entities besides an LLC.

Foundations are designed to support homes, not hold back water (maybe to some small degree).

As the saying goes, the best time to buy real estate was 20 years ago, and the next best time is now… but with these interests rates I’m curious if it makes sense buying and then if they drop later refinancing to the lower rate, or just hold off purchasing until the rates (hopefully) come down a bit.

Sounds like you have a solid plan, we are looking to buy and hold in Spain in the next year, fingers crossed!

Given the slim cash flow from the property and the uncertainty about the new mortgage rate, it's understandable to be contemplating whether to hold or sell.If you anticipate further growth in the market, holding onto the property could be beneficial in the long term.