But then they look back and wish they would have kept it because it would still be generating income for them.

. - Even if it takes me 6 months to find a tenant at $25/sqft + NNNs, I would still generate more NOI in year 1 than on a multifamily property with similar square footage.

Those will have you generating cash, building wealth, and learning how to manage well.

The Millpond Ct property sold for $785,000 on 11/15/2024, generating a remarkable return on investment.

To fund additional investments, consider side income, creative financing or creating a timeline with your co-owner for converting property B into a rental to generate cash flow.

So I would like to get some help from people who are actually investing.I am aiming for a single family home or multi family home and I am constantly looking at properties around Austin TX.I am looking north of Austin to Dallas and south of Austin to San Antonio.However, Austin is not easy to find an investment property that generates cash flow considering the cost of rehab.Can you give me some advice on my first investment?

The DSCR is a financial metric that measures a property's ability to generate enough income to cover its debt obligations.

For example, hotels or short-term rental properties like Airbnb often generate more income than traditional apartments, especially if the location supports it.Entitlements and Approvals: Check whether your project fits within the land’s current zoning (by-right uses) or if it will require variances or rezoning.

That way you could rent out the first property and also generate income from your primary residence as well.  

@Owen Dashner thanks for the kind words, the "grey hair" generation such as yourself has been instrumental in my progress!