We are looking to set up one of the 4 units in the building we are buying in DC as a MTR and have some questions.1.

My suggestion as someone who currently has 6 fix and flips and 5 new builds in progress throughout Dade and Broward is to fix and flip anywhere the numbers make sense.

Particulars:1) 1st SFH rental property cash flows $400 and we have a 2 year lease agreement that ends in 2025. 2) 2nd SFH I currently live in, I would rent out and probably experience a negative cash flow of --$100 cash flow for first year, break even 2nd year, and build little cash flow moving forward.

As they create the debt after with your situation debt is already created so getting the banks blessing is paramount.I sold an office building i had to take back after the GFC my bank was good to me and kept my loan in place and I did what you did and sold to my Tenant..

We know there are other STR owners blocks away from us and theirs opportunity to meet them as well as other business owners?

I have been looking at buying vacant land that my family and I could use as an outdoor/ rural getaway with the goal of building on that land in 5 years and make it a seasonal residence (vacation home).

I've listened to enough podcasts to KNOW that I have to build the team first before EVEN putting a contract on a property.

Get rid of debt, build a budget, and save.

Even go from multiple SFHs and consolidate into an industrial building.

1300sqft 4 bed/2 bath SFH versus 1300sqft 2/1, 2/1 duplex.assuming same area, both new builds, same finishes etc etc.