I've been a small time buy and holder investor for about 10-years and am now looking to supercharge this to build both a legacy for my kids one day, as well as a path to exit my W2 job.

I read the same claims. 8% & IRR of 16%.

We are both motivated, but seems like there are too many options to choose from, I feel like storage for boats/cars/RV’s is my end game, so I can spend my days fishing lol!

I am really motivated now for one as a teacher its getting worse every year and I spent 3 days in hospital and 6 weeks out of school because I was breaking a high school fight.

(and I have full time job so time is limited)Here’s a breakdown of my investment plan–I would greatly appreciate any guidance and recommendations on making this (or some version of this) happen.PropertyLocationAttributesB-level areas (A-D scale)Safe enough for my girlfriend to feel generally safe walking alone in the eveningWalkable neighborhood / close to transit (car ownership not necessary to live there)Area(s) of interest (not set in stone)Jersey City areaConditionB or C-level (A-D scale)Semi-distressed with potential for minor rehab upgrades ($35k max)DealbreakersFoundational issues / big required rehab due to FHA 203(k) max for streamlined versionSize2-4 units (higher the better)2-4br per unit preferredMax Budget (FHA loan limits)NYCSingle-Family Home: Up to $1,089,300 + 3.5%Duplex: Up to $1,394,775 + 3.5%Triplex: Up to $1,685,850 + 3.5%Quadplex: Up to $2,095,200 + 3.5%Hudson County, NJSingle-Family Home: Up to $1,149,825 + 3.5%Duplex: Up to $1,472,250 + 3.5%Triplex: Up to $1,779,525 + 3.5%Quadplex: Up to $2,211,600 + 3.5%TimelineTitle in-hand latest: Jan-Feb 2025Can potentially buy earlier if I sublet my current apartment in NYC as needed (lease expires Mar 1, 2023)Rehab: 30-45 days max of minor rehab/renoMove-in: on or before Mar 1, 2025 (hard deadline)FinancingLoan type: FHA or FHA Streamlined 203(k) for rehab <=$35kPossible conventional loan if I seek investment from family/friendsApproval statusGoal is to get pre-approved now in advance for credibilityMy statsEmployment: Full-time at large bankIncome: low-mid 6 figuresAssets: low-mid 6 figures (including 401(k))Credit score: 800DTI: 2.5% (student loan)Thank you in advance for your support.

There are sometimes longer escrows, around 30-45 days, the pest inspection which you mentioned, and sometimes certain safety issues that need to be repaired.

Interest rates change multiple times a DAY much less day to day or week to week.

I also thought about buying two houses in the same deal, but my long term broker (the 30% broker) who said they can not do that. 

Unfortunately, Japan does not offer the same tax deferral benefits for 1031 exchanges as the U.S. does.

If the Tenant’s visitors stay outside of the 14 days; Tenant will be charged an additional $70 every 14 days that the Tenant’s guests are staying in the unit.”