I made the mistakes early on of just looking at cashflow % and its still a very important part but definitely not the bulk of return.

Currently a structural engineer so that definitely helps with some of the real estate issues!

STR rules and regulations changing is definitely a risk factor.

I'm unsure what the right path is, but I've been reading & watching podcasts about investing in owner-occupied, single family properties.

By spreading investments across these sectors, investors can reduce the impact of adverse movements in any single market segment.Conclusion: The Path ForwardWhile interest rates will invariably ebb and flow, the foundational principles of real estate investment remain constant.

To be honest I would spend more money and get my 1% on North of Baltimore.You should be able to get more than 1% around 21213.FYI, Baltimore in general housing stock is old, when you do moderate renovation like paint, vanity change, new carpet etc... you will definitely have plumbing issues along the way.I would strictly do section 8 in 21213, you can end up in eviction court pretty often othewise.

@Earl Morris - You're actually on the right path by doing estate planning before you buy more real estate. 

I am definitely going to discuss a smaller entry fee.

You can definitely send your tenant a lease addendum saying that their dog must use the designated waste areas, and that they need to be picking up any pet waste.

Fort Lauderdale is definitely a good start for anyone's real estate journey.