This rental property will be designed with a keen focus on generating a healthy cash flow.Project Blueprint:Budget: Allocated at $200,000, covering construction and all related expenses.Focus: To merge energy efficiency, durability, and tenant comfort with cost-effective construction strategies, making the rentals both affordable and sustainable.Location: Currently scouting – I'm open to suggestions and insights on ideal locations supporting this vision.Strategic Planning:Efficient Design & Planning: I'm considering compact, multi-functional layouts to optimize space usage and incorporate cost-saving construction methods without compromising quality.Sustainability & Efficiency: The plan includes investing in top-notch insulation, air sealing, energy-efficient systems, and sustainable materials to reduce the building's carbon footprint and operational costs.Budget Management & Cost-Saving Initiatives: Careful budgeting and exploring value engineering options are crucial, alongside seeking out grants or incentives for energy-efficient building projects.Community & Sustainability Goals: To create shared amenities to foster a community feel and implement systems encouraging tenants to monitor and reduce their energy consumption.Seeking Community Insights on:Cost-Effective Building Strategies: How can I ensure the project remains within budget while achieving high sustainability and efficiency standards?

We're just having a healthy discussion, which is the whole idea of a forum like this one.Hopefully this doesn't discourage you to keep posting in forums. 

I have a career outside of real estate that provides a healthy income.

Another point, each checking account costs your bank to manage, if you have 6 different accounts that you have a low average balance in, they aren't making anything really, one account cuts their expenses and makes them smile with larger balances.

I've been able to get a healthy combination of both cashflow and appreciation from all my properties after a little TLC.

Since you are living with your parents communicate your ideas and goals with them often as this will facilitate a healthy relationship and allow for them to want to keep you under their roof :)#2- Become a learning machine.

Cincinnati, is a healthy mix of the 2, more often than not deferring on where exactly you invest.I like Cincinnati the most, because 1 it gives you the option of both cash and appreciation potential.

You get the picture.If you are buying in a healthy market, after a couple years, the first properties will have built up equity at which point in time you could do a cash out refi. 

Keep creating those bonds and making sure that you maintain the healthy ones.

Healthy respect to those that invest out of state.