My goal is to have at least 5 rentals in the next 5 years, with the first rental being a new build house hack in Florida so that I can escape the Michigan winters and the Florida summers.

We can also provide some recommendations on how to build your team and how to setup the project for success.

Hi Michael,I like your thoughts of building a large portfolio because it's very important in sub $100,000 markets like Ohio.A large portfolio = A safe portfolio.Personally, I've always been a big believer in buying with cash.Less is more.Once you gain experience and understanding the true income vs expenses of your portfolio.Then look at using leverage for faster growth.It takes many years to learn a market along with establishing a solid understanding of it's "in's and out's" from a people/team perspective.As investors we should always reverse engineer and protect the bottom line first and foremost before looking toward expansion and growth.My "cash only" mentality has served me well over the years in my businesses and real estate endeavors.Especially when things turned South and they always eventually do.Start slow, start small, buy with cash and build from there.Just my opinion and wishing you much successps.

They are leased out.It is zoned R-2 which allows for Multifamily which is defined broadly in the Definitions sections of the General Plan as "Dwelling, Multi-Family - A building containing three (3) or more dwelling units.

Purchase price: $250,000 Sale price: $349,900 We provided a loan for a new construction project in Palm Bay, FL, with one of the biggest build booms.

Now just want to build assets and other income for retirement. 

Listen to @Dave Foster and 1031 those two buildings into a multi-family building. 

An engineer can help ensure that the conversion meets all current building codes and safety standards for residential living spaces.4. 

I imagine myself getting into more rehab intensive (possibly even BRRRR) projects as I build my portfolio and experience!

But I have investors that bought properties with me pre 2020 and their properties have all gone up in value 30-40% so you never really know what external factors can positively or negatively affect each market.But even though prices have slightly gone up in this area, there are still a lot of good deals to be had, depending on what types of properties you're looking for and the type of neighborhood you're looking to invest in.