@Josh Hoover - Now that you have a house under your belt, focus on increasing your income.

Think house hacking makes the most sense starting out - use house hacking and conventional financing and turnkey investments to start out and then shift over to commercial (DSCR loans) for BRRRRs after you have a couple years under your belt and are ready to scaleAlso - be careful of making such assumptions of raises, bonuses etc. over the next couple of years before even starting - things have a way of not always going according to plan (and always smart to be conservative with assumptions). 

If you move out of your current hack and into another hack using a low downpayment conventional loan, you'll have another unit or four under your belt, AND you'll give your first property (currently on an FHA loan) another year or two to appreciate. 

Between my partner & myself we have over 1,000 transactions under our belts and we do NOT invest out of state.

@Robin Simon I have found a lot of success through medium term rentals and believe they are another great option to have in the tool belt. 

What I meant is that "market price" is set by the demand versus supply of that type of asset in a given market, and what that graph shows is that more demand coming to sun belt states (in darker blue on that graph) and supply is not enough or is not growing fast enough (unbalanced supply/demand).

You are going to spend a lot of time and energy on unnecessary crap to look like a bit-time investor when you haven't even purchased your first property yet.Get five properties under your belt.

Originally posted by @George Blower:@Robyn GershWhile transaction you are describing would be prohibited because you would be performing a roundabout prohibited transaction, the following support the multi-member LLC in connection with retirement accounts.

Originally posted by @George Blower:@Michael P.

The residential permit program seems so far reaching, it has me wondering if anything similar has been put into place in other rust belt towns, and how it panned out.