If you find a place where the numbers make sense, buy it.  

Investment Info:Small multi-family (2-4 units) buy & hold investment.Purchase price: $247,900Cash invested: $19,000Closed on my 3rd house hack in January 2024 and wow this one has been quite the property.  

If you read what I said, I apologized if I assumed you weren't a HML and you were.My answer is still the same, there's nothing in the deal but problems for the buying from year 3 and beyond....and if you think I was lecturing you, you have a very thin skin. 

I am considering investing in Ohio, based on successful investments by friends but am open to other areas provided the fundamentals make sense.I look forward to connecting with fellow investors, real estate agents, and property managers to share insights and identify promising opportunities.Thanks,Julien Hello, I know many investors from Belgium that have and continue to buy in the Cleveland markets. 

Sell house and buy a cheaper house all cash avoid the current high interest rate.

Choose Your Real Estate StrategyRental Properties: Purchase properties to rent out for consistent monthly income.Fix and Flip: Buy distressed properties, renovate them, and sell at a profit.Wholesale: Contract properties and sell the rights to buy them to other investors.Real Estate Investment Trusts (REITs): Invest in publicly traded REITs for passive income without direct property ownership.5.

Do you have enough money to buy in a market where the median home price is 3x the average? 

Looking for other ideas, and structures that would help achieve a successful partnership.Thanks DougThat's actually a lot going on.What I think you are proposing is to have your in-laws sell their existing house, buy a new smaller house with their money, sell the house to you as the landlord and they rent from you.

Or buying it as a primary and then renting it out as an LTR or STR. 

Originally, I didn't use service contracts, but with the cost of labor in NYC, it's far safer to use a service contract than to take a chance that nothing happens.