This will help you make informed decisions about future investments and optimize your portfolio.Scale your investments: As you gain experience and confidence in real estate investing, consider scaling your investments by purchasing larger properties or expanding into different markets.By following these steps and staying disciplined in your approach, you can successfully invest in real estate and build a profitable portfolio as a software engineer.

Hello, Manuel Llanas, your property has several positive attributes, such as a great location and a low mortgage rate.

You can expect 4%-6% equity appreciation gain, especially with current rate and inflation.  

Question, with loan interest rates at a high currently and cash money sitting in the bank making 4-5%, maybe have your partner do a private loan for 6.5-7% short term until rates comes down??

With our higher interest rate environment, 3% or 5% down may not be enough to be cash flow neutral.

Both are making money and have reasonable cap rates, a bit lower than I would like, however, not horrible Imo. 

Borrowing from the equity must be done wisely, or you will end up with negative cash flow and be at high risk due to over-leveraging.NOTE: I use interest rates much lower than they currently are in 2024!

Many Multi-Family properties acquired in 20/21, are down 25-35% due to rise in interest rates in 22-23, often wiping out much of the equity, so property unlikely to be sold in next few years, may be hard to find a buyer just now for units, but good luck.

I personally enjoy a misting fan on my patio.Here are some data points below: prices are steady and rates as well; not too much change in the market this far.

Please note that I am not discussing the business idea or the rate of return because I am fine with both and don't want that to be part of the discussion.