I currently own a rental property that is financed with a standard mortgage.

I came here today for a similar reason, wondering what to do.

I have $100k in cash to utilize to buy a long term rental property.

Quote from @Julie Philpott: Hello everyone, I recently noticed drug use near my property in Franklinton.

I also use OpenPhone for my phone systems, and I love it.

I just segregate risk (and costs money to maintain). 

Quote from @Account Closed: Hey guys,I have no experience but after looking at all my options I have come to a conclusion that my best move is to buy land and develop multi-family apartment building (15-20 unit) 2 story somewhere between Miami Jupiter.Budget for everything 3MDone with cash + 6% line of creditLooking for long term holdI would love to hear any insight on what areas I should look at, ballpark of build price (hard costs and soft costs) and would love to network with anyone in the area on this.ThanksIf you're looking to develop a 15-20 unit multifamily building with a $3M budget between Miami and Jupiter, there are a few key things to consider:Land Budget: Aim to keep land costs around 10% of your total budget.

Let me know if I can help along the way.

I think you will find a lot of value connecting with other investors here. 

I appreciate your insightful recommendations.