Living in a single family home that you will eventually turn in a rental won't give you that same benefit while you're living there.

I am also considering investing in short-term rental properties on the West Coast.

Housing always increases long-term. 

Cash-Out Refinance: If you refinance the property, you can pull out cash based on the equity, which can be used for down payments on BRRRR properties.Collateral for Loans: The farm can be used as collateral for obtaining loans for other investment properties.BRRRR Investments:Immediate Cash Flow: BRRRR properties will likely generate some positive cash flow right away.Faster Turnover: BRRRR allows you to recycle your capital more quickly, aiding rapid portfolio growth.Initial Investment: $60,000 can potentially fund multiple BRRRR properties, providing diversity and multiple income streams.Farm Investment:Emotional Value: Maintaining the farm within the family has intrinsic value that cannot be quantified.Long-Term Appreciation: The farm's value may appreciate significantly over time, providing a substantial future asset.Monthly Cost: The $400 monthly cost needs to be factored into your budget, as it’s a non-cash-flowing asset in the short term.Decision Points:Emotional vs.

Often the folks doing this strategy are ambitious, and not just in terms of real estate, but otherwise too.

Refinancing my first Brrr deal and I’m looking to buy my second property near cinci/Covington because I’m wanting to get into mid-term rentals.

Here are some key points to consider:Accessibility: Residential properties are often more accessible to individual investors, especially those starting out with smaller capital.Tenant Stability: While turnover can occur, residential leases tend to have shorter terms, offering more flexibility if you want to adjust rents or change tenants.Market Liquidity: Generally, residential properties are easier to buy and sell due to higher demand from individual homebuyers and investors alike.Emotional Appeal: Homes and apartments can have a strong emotional appeal to buyers and renters, which can influence demand and pricing stability.Purchasing: Residential real estate will require a down payment of at least 10% of the purchase price. 

It was during our first deal that I realized a term sheet is not set in stone.

Purchase price: $376,000 Cash invested: $20,000 House hack owner-occupied investment turned to long-term hold.

As a matter of fact, if you research the term “AB-968” in Google, you’ll see a sea of blog posts by law firms.