Preferably buy a duplex or fourplex. 

There are a couple other speaker-centric events that run quasi-monthly, I see them on FB.

If it's not interesting enough where you are OK with spending a couple years building it then don't.

Sell property for $10,000,000, 1031 a couple millions into next project5.)

Hi Mark, I am looking into long term investing in both STR and Residential to begin and preferably in locations close to where I am.

It really depends on the area and type of property, as in many neighborhoods people would prefer a bigger yard over a pool that they have to pay maintenance for. 

My instincts say go for mixed use with a couple of stores on the bottom and apartments above.

When you pay 'All cash" you get the benefit of being able to avoid the typical (6 month) title seasoning wait to pull out cash.There are a couple of options under this program but very simple for the most part. 

I have have a couple multifamily and 1 STR in LLC. 

@Yang ZengYour situation presents a common dilemma for real estate investors: deciding between investing locally where you might be more familiar with the market but face high property prices, or exploring out-of-state opportunities where properties may be more affordable but come with their own set of challenges.Here are some considerations:Risk Tolerance: Take into account your degree of comfort and risk tolerance while managing properties remotely.Objectives: Specify your investing objectives, including cash flow, appreciation, or a combination of the two.Market study: To fully grasp the development potential, employment opportunities, and rental demand of prospective out-of-state markets, do in-depth market study.Hybrid Strategy: Another option is to choose a hybrid strategy, where you invest in a combination of local properties for stability and simpler management, and you set aside some of your portfolio for out-of-state properties for diversity.Before making a decision, it's essential to consult with real estate professionals, conduct in-depth market research, and possibly network with local investors in the markets you're interested in.Remember, there's no one-size-fits-all answer, and the best strategy depends on your financial goals, risk tolerance, and personal preferences.