Wealth Destruction : Luxury properties contain luxury assets.

Consult with a qualified tax advisor who understands these limitations and can help develop a comprehensive strategy aligned with your specific situation.Remember: The best tax planning looks beyond immediate deductions to your complete financial picture.

You hit the nail on the head...that's where the SFH to Duplex conversion gets financially unrealistic.

A true recipe for financial disaster.

Quote from @Michael Smythe: @Jerry NoguerasRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Alternative Lenders – Look for private lenders or debt funds that focus on asset-based lending rather than borrower experience.

Anyone trying to tell you a certain asset class is good or bad these days is probably trying to sell you something.

While the initial years might not be financially lucrative, the knowledge and skills you acquire will be invaluable.

@Kaleb JohnsonRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

I would think a lot more about the financial part of this.