(Resident for 29 years).On creating a yearly profitable Airbnb from purchase.

Hoping to purchase a few properties in the next couple of months. 

With following the 28/36 rule, my income allows me to either purchase a property up to 430K with no HOA fees. 

Giving some rough numbers, let's say the interest rate when they purchased was around 3% and they offer to sell to us for $100,000 cash. 

hello-q: i hope that you have quite the plethora in information about the decide to..build a square space (office like in function) right next to house-to have "reason space" to work from home ('i am forced to work from home bcs of having parent who survives a stroke-cared for on/in house property, bcs putting her instead in assisted living-wouldn't be more affordable/feasable, and many states (california being one) are willing to help loved one(s) to age/stay in place as reason to build these extra spaces in/on property..putting her in the situation as more benefitting i am researching the state orgs to find out what to do=being as stellar the careful/accurate as i can with gathering as to what to do..including the obtain of funding per any grants.and trusting that having your consultation has us getting away from issue/noise over just purchasing/happenstance model in default assisted: residential (multi bed home stead-with all the red tape & fees/tax justify better?

I also own properties in landlord-friendly states where there's no rent control, so I don't need to pay someone to leave in order to increase the rent.To address the other points in your post:This is why having a proper purchase and sale agreement is so important.

Purchase price: $450,000 Cash invested: $450,000 bought a run down mis managed 16 unit property, with my investors, for $450,000 Rehabbing units as they become available and increasing NOI.

Can this still work as a house hack and can still rent it 1 year after purchase?

Purchase price: $780,000 Cash invested: $300,000 Purchased 6/2020 with 25% vacancy and a gross operating income of $10,800.

Once you start adding up all these little bits, its starts adding up to a lot, and when you start compounding that over a handful of years, and using the proceeds to purchase additional properties, it can quickly snowball into generational wealth.Appreciation and equity paydown are by far and away how the majority of people get wealthy in real estate, the cashflow is a byproduct that tends to come later once you have had several years worth of rent increases.