My clients tend to have net worth of 1 million to over 100 million that are individuals.As you move up the net worth list cash flow tends to drop down on the list of concerns to maybe 3rd after wealth preservation and tax benefits.Residential is more of a work for yield play.

Until Powell drops those rates people aren’t gonna move.

Looks decent.Some things to consider:Holding Costs - you will be paying your HML interest only payments for however long it takes you to renovateA Full Gut for 60K seems too good to be trueRemember your ARV / Refinance interest rate are moving targets.

Think about buying when the market balances back out.So I am currently renting a 2bed-1.5 bath and I would like to buy at least a 3bd townhome/condo because I can not fathom to move from a 2bed-1.5 bath to a 2bed 2bath but pay close to double.

When that tenant becomes an issue (and if they're not paying rent, they will become an issue) he can then simply tell the tenant that he's going to file eviction papers if they don't move voluntarily.  

The process will be slow, but with patience and smart planning, you can move forward step by step.🔹 Property Tax Relief – If your property is severely damaged, you may qualify for reassessment and potential tax refunds.

Now I believe that I'm ready to make some moves. 

Considering moving, but we have no interest in losing this property - it’s unique and a great investment asset all things considered.I have no experience whatsoever with renting out a property.

If you move walls and remodel kitchens and baths, hire subs and do it yourself.   

But success depends on choosing the right cities and building an experienced and reliable local team.