Quote from @Yoana Yordanova: Quote from @Jonathan Greene: Sell the townhouse.

Now, I’m eager to dive into real estate investing, specifically in single-family homes and multi-unit properties like duplexes.So far, I’ve read The Book on Rental Property Investing by Brandon Turner, and I’ve just started BRRRR by David Greene.

I would prefer some green areas (but should be closer to beach) so that it still is attracted to STR. 

Quote from @Jonathan Greene: Quote from @Fausto P.: Hey Jonathan thank you so much for the response.

At that point, you'll be under contract and could perhaps renegotiate the deal as @Jonathan Greene mentioned.

You seem very green, I would highly suggest finding a property management company to do this for your while you learn the ropes and how things work.However, you can also get a copy of "The Book on Managing Rental Properties" by Brandon Turner, and get some really good information.The main one's to consider are:Background check - totally clear, or will you allow certain thingsEviction history - totally clear, or will you allow if no evictions for last xx yearsIncome Requirement - usually 3x the cost of rentCredit History - totally clear, or will you allow certain thingsPets - yes or no, size, type, number of pets allowed, extra pet deposit/feeAgain, I highly suggest a property manager to assist you with this.

Quote from @Jonathan Greene: There is no formula for what you want.

But most of the investors from Cali that invest here out of state end up putting down say 30% to get in the green and every now and then a duplex pops up that makes sense with 20% down and some reno work.

@Jonathan Greene I completely agree that getting your spouse on board is crucial.

Quote from @Jonathan Greene: 1.