This will allow you to mitigate risk on the first property but also allow you to do a cash out refi on the second, so now you have access to tax free cash that you can do with whatever you please.

I'd be happy to connect further and see how I can help, feel free to message me. 

Please feel free to poke holes at this , would appreciate it. 

Skip the pricey coaches for now, there are plenty of free resources like here on BiggerPockets and YouTube.

Feel free to private message me with any additional questions.

@Grant Shipman Great stuff, I'm a big fan of co-living/rent by room strategy, and I do it here locally in Denver metro, and it is the best strategy in today's market for any house hacker to live for free or make money while living there, but they have to sacrifice personal space.

I’ve seen a lot of investors succeed by focusing on a market with strong rental demand, good price-to-rent ratios, and opportunities for appreciation—Detroit checks all those boxes.If you’re curious, feel free to reach out, happy to point you to some resources.

They are also useful for private phone conversations and could be used for storage of valuables as they could be locked.I'd love to be able to broach this idea with other nationalities and cultures but it's really hard if they're not working very long hours and have hours of free time at home.  

There is a free web site you can list your section 8 rentals on. 

The full 5 year proforma is free to give you a good look at what to expect on the deal.