Additional DetailsI’m willing to invest in out-of-state properties, though I prefer areas with good property management options.My primary focus is passive income, but I’m also interested in value-add opportunities.I want to ensure these investments provide strong tax benefits and diversify my portfolio.I’d love to hear from experienced investors:What would you do in my position?

You’re surrounded by a support group I never had, and that’s a positive.

@Robert StephensonYou’re in a great position!

I would upgrade properties every 12-15 months as allowed by low down payment loans if my significant other wasn’t risk adverse and opposed to moving.

Strategy 1: buy a duplex, live in one unit (for one year as a "primary residence) and rent out another unit as a short-term / mid-term rental on Airbnb.

You can't buy your new primary residence with it.But, here's where you could make it all work.1.

These properties are generally in high demand, but on a positive there will be drastically less new inventory of competing rental properties. 

Also, if you were in our position, what questions should we be asking the lenders to make sure it is a good fit?

If the place is vacant, you are still taking that money out of your own pocket.I don't disagree with having a strong cash position; most of my properties are f&c.

Your primary insurance policy with $300,000 in liability coverage should be sufficient in 99.999% of all lawsuits.5.