A question I have been pondering within myself for some time and figured here would be a good place to get an answer.I currently own a home that has close to 100k in equity in it, we plan to move in 3-5 years to our long term house and would be sizing up a fair amount.So my question is should I use the equity to fund investments/projects, or should I save it and roll it all into my next house so I can have it paid off sooner/lower my monthly.

HI SAM,You can always start off by house hacking meaning you live in one UNIT or ROOM and renting out the other vacant units/rooms to offset your monthly mortgage payment.There are several ways to run and make sure you are maximizing your rental income while keeping your living expense as low as possible.

I am leaning towards demolishing the house and building a simple 3/2 but I have no market data in the city for new builds in recent years.

At that time, it is the only house I was qualify to purchase How did you find this deal and how did you negotiate it?

I started with house hacking and then purchased rentals that were clean BRRRRs.

@Michael K Gallagher We originally planned to build three houses on the lots (1/3 -1/2 of a block).

Augustine does have an existing set of well-defined STR regulations.I'm not sure about Jacksonville but maybe @Brett Nissen can chime in and educate us?

Additionally, you must cover the cost of housing for the tenant while the deleading work is being done.

Do a google search for "we buy houses [city] [state]"Sell my housewho buys housescash for my houselegitimate cash buyers, all with city state.99.9999999% of all websites out there are wholesalers.Then go to facebook and do a group search for "investors, cash buyers, wholesaler" then your city state.

It's possible that they heard a little bit too much from the fair housing commission and are now considered a "professional tenant"Usually these people will not listen keep withholding payment, and take advantage of the system as much as possible.