To analyze deals efficiently, focus on key metrics like cash flow, cap rate, and expense ratios—make sure rental income covers mortgage, taxes, insurance, and maintenance while hitting your 6% cap rate target.

We do all of our own serving in house and we use Mortgage Automators.

If your willing to do so, you can live in the casita and then rent out the main home and have your tenant pay the majority/all of the mortgage (depending on what type of deal you find obviously). 

My family made theirs in real estate (house hacking a private money funded 4 family when I was little) so two different philosophies.

I'd consider real estate debt funds and private lending but that's not on my immediate radar right now. 

So have another mortgage here. 

If we see any reduction in interest rates in the near future, we expect the market to become even more active, which would only amplify the already noticeable shift.Jan 1, 2020 to Jan 31, 2025 Mortgage RatesIn summary, while we are still navigating some uncertainties with higher rates, the outlook for the Las Vegas real estate market in 2025 is promising.

Especially if you can buy a duplex or fourplex and have the other tenants help pay your mortgage.

@Holly Thorsen see above for potential challenges tapping your equity in the rental.You only need 5% down for a regular mortgage, 3% down for an FHA mortgage - so why don't you have the funds?

Income would be from hunting dues and timber harvesting, expense would be conservation management, taxes, and the mortgage.