Where are you located?

Will depend on several factors like the type of property, type of tenants, your risk tolerance, other assets you own, your estate planning, laws where the property is located, etc.

We also have a brick-and-mortar location in the DFW area.

As noted above, a cash deal with all capital liquid in an account today is going to be taken much more seriously than a financed deal or a syndicated deal.  10% EM hard at contract signing and a 45 day close with no extensions will be taken more seriously than 3% EM hard after 30 days, with a 60 day close and 2x 30 day extensions.  

I can say I'm biased because I'm located here, but the numbers work and it meets all your conditions.

I'm not sure exactly where you're located, but according to HUD, the fair market rent for a 3-bedroom in St.

I hope to never need the umbrella insurance, but it provides peace of mind that I have extensive coverage.  

Understood I made a bad move here as this was first investment so didnt think much except at the location for longterm growth or possibly I move there as part relocation.

I think both of your strategies have merit, but here’s my take based on what you’ve laid out.Moving to a rent-stabilized apartment and renting out your condo as a mid-term rental could be a smart pivot, especially with its location near a hospital and LGA.

Investment Info:Small multi-family (2-4 units) other investment. 31 duplex development located on the East side of San Antonio.