Working horrible job, living horrible, no golden streets of opportunity found.

A good way into it may be doing a house hack or live and flip then pulling the equity out in a refinance.Tons of ways to make money in this game!

Quote from @Isadore Nelson: I recently acquired a property with an existing tenant who has been living there for about four years.

You can also do a live in flip where you use the equity to sell and reinvest down the road.

A few other things I'm considering;- I don't need the extra cash flow to live and am just approaching it to remove the high mortgage interest, but also hedge risk that the current stocks might tank in a few years.- Could take all current cash flow and a few thousand a year to pay off the property in 5-10 years.- Hold for a bit and 1031 into something else but am fairly confident there is not much appreciation to come on this property.

Hey DenisI have commented a lot about arbitrage in a general sense here, however I believe I am uniquely qualified to answer here as I live and operate about 65 units in this specific market.In 2016 I got my STR start arbitraging a Gulf Front mansion that was in foreclosure and I got a great deal on. 

We live in San Diego so would be long-distance, TBD if we self-manage or enlist a PM. 

I live in Harlem but work downtown so if I have to go to the building it is not too bad after work.

The property has to be considered 'in service' for you to list it on your tax return.In service entails a couple of items such as1) The property is in livable condition - Working bathroom, kitchen and an area to live.2) The property was advertised for rent.Best of luck

My name is David Burton and I live in TN!