There is a lot of value in gaining experience and getting your feet wet.

Buying another multifamily would complement the 6 SFH and round out your portfolio. 

Mike said it right, the crime rate is high for the year round number of residents.

Recently its down to 4.82%, so if we keep in mind our margin or the fixed portion the lenders add on top of the index to come up with your daily rate calculation is going to be as follows:4.82% + 3.75% (example margin for AIO) = 8.57% so we'll round it up to the nearest .125% which should be 8.50% interest only.Given that prime is 8.50% already and there is a margin on top of Prime for most HELOC's out there from .25-3.00% your traditional HELOC would be much higher rate than your comparable AIO loan comparatively.So just some food for thought.

Grills may not be kept or used on or under the wooden decks, or within 3 feet of a building.

I really don’t think people realize a 506c there does not have to be a ppm and the operating and subscription agreement can say they can invest in anything from pigs feet to moonstone and they could have an iq of 4 as a sponsor and do really dumb things but none of that is a scam or a ponzi.Just like last crash no one went down, same will happen here - regulators are far to busy dealing with the Wall Street crowd which impacts retirement accounts if retail investors - investors in a 506c are accredited = they can lose it all.Sec isn’t gonna spend $ 1M chasing someone who just had a bad deal.

Maybe money is tight, maybe it is the summer and people are feeling more inspired to make the recurring Home Depot runs, or maybe people are taking more initiative to round their skills on Youtube University. 

Any REI advice or recommendations for newbies are welcome and appreciated.Criteria:Location - We'd like to get our feet wet locally in WI but open to venture out if it makes senseProperty Type - SFH, MultifamilyProperty Condition - Turnkey & Cosmetic repairsInvestment Strategy - Buy & Hold, MTR

Ideally, I would like to buy in the Catskills since it’s close by, a popular year round destination from the city and has a history of vacation rentals but I know there’s more and more talks of regulations so I am open to other areas and would love to hear your thoughts/experience on the area.Would love to connect with anyone who has interest in the area and the short term world as well as agents familiar with STR who could help us in our search.

I reached out to an ADU company in the Sac area last year and was quoted north of $150k to convert a garage with was barely over 300 square feet.