I would then plan to use this forced equity (since I plan to buy a fixer upper) to invest in another home.I have been constantly reading to househack right into the MFH, but this may take some time for me to acquire the money and purchasing power.

We bought our 1st home, saved some money and bought a duplex investment property.

Private Money Lenders (Kiavi, LendingOne, Private Individuals) Fix and Flip productsWho did you get the loans through?

Since I was brokering the private money loan, I couldn't waive the late fee (which my lender still wanted) and the borrower was upset because ENS wouldn't eat the cost, which was a systems error on their part.

I think most of these PMs make a lot of money off application fees, and have heard many stories from renters paying lots of application fees without getting refunded if the unit rents to someone else. 

Definitely that was money making time in terms of operations and appreciation as well.Things have changed now, there is so many STRs now that people are renting for 100-150 USD a night which is like a motel price.Now it may make sense from the perspective of, if Poconos is where you travel a lot with family or you are buying full cash to park the money, or tax strategy or various other personal reasons could be there where it might make sense to invest there.But coming in from the perspective of an investor who are new or have little experience and are trying to build wealth from not too heavy asset portfolio.

At some point they will get their money but they are not gonna spend good money after bad especially when you are living there.

Thank you for responding, i have my house, but with everything getting so expensive taxes and insurance among other things i would like to ad an addition like a studio.

I'm assuming you are now at a point where you have enough money coming in to cover your minimum living needs.

I think money can still be made however, I wouldn't be willing to invest there currently.