First, you are paying interest on the existing mortgage, then you will cash out the equity and start paying interest on that money.

In the future, I would love to start with owning multi-family rentals and eventually get into investing in high density rental developments.

Hi @Sabuj Banerjee,In general, in the Southwest FL markets, cash flow for SFH's is expected to be slightly negative at current interest rates, so I would recommend starting with a multifamily propertyNew construction duplexes can be found in both Lehigh Acres and Cape Coral.

Don't settle for properties that merely break even; aim for those that generate consistent income from the start.

This started a few months ago.

Gone are the days of Big Realtor fees, Flat rates are starting take over..

Start by trying to keep it civil.

We have 6 new construction duplex units that will be available to rent starting in September. 

What are you starting with, wholesaling, buying your first fix and flip, etc?  

It's doable you just need to know exactly what you are looking for and jump at the opportunity when it comes.