I'm a real estate investor currently focused on building my portfolio in Detroit.

I've been looking at markets across the US and Florida seemed great for us.

I'm currently looking through my lease and will consult a real estate attorney.

Make sure it's a significant amount of money so the likelihood of backing out is less (In Florida our minimum is 5k but usually our buyers put 10k). 

Hello everyone, I'm new to this forum and new to real estate investing.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

We have around 50k to start and we are not sure if we should use our money or should we use other peoples money as that is always what I hear about real estate investing.

We actually market 25 of the largest counties in Florida, excluding Miami-Dade and Broward. 

The LTR unit's depreciation and losses would be considered passive and can only offset other passive income unless you qualify as a real estate professional.

Consider options such as adding to down payments, reserves, or investing in other income-producing assets aligned with your financial goals.Next StepsTalk to Lenders: Discuss your financing options with lenders, including the possibility of a cash-out refinance or HELOC on your CT property, and explore the 10% down payment product for your next purchase.Real Estate Market Research: Identify potential markets or properties that fit your investment criteria, whether for house hacking in Las Vegas or remote ownership.Consult Professionals: Engage with a real estate agent, tax advisor, and possibly a financial planner to ensure your investment strategy aligns with your long-term goals and financial health.By leveraging your existing equity, navigating financing options, and resolving tax matters, you can position yourself and your girlfriend to successfully expand your real estate portfolio this year.