If so, start with some market research to see what property types, clientel, price points, etc are common in the area and make sense for what your goals are which brings me to my next question....What are your investment goals for 2024?

My first goal with RE investing is to make a quick deal with low or no money down to get some money in my pocket asap.

my goal is to try and somehow make real estate investing a full time job. any advice is appreicated.thanks

What are your goals with the LLC?

From what we have seen Point Pleasant Beach does pretty well, although the market is tough right now, so it really depends on what your goals are.

@Dennis GuintoIndividual decisions should be based on the end goal/s.

Goal is to get another duplex by April this year and then another one to move into and house hack before September.

Our goal is for me to buyout my siblings and to own the house myself while maintaining as much of the prop 13 tax basis as possible. 

Current situation (up for rent), the unsolicited offer, a return that matches what your longer term goal was.Longer is better but there can be reasons for why a property would still qualify for a shorter holding period.

📈 Preferred equity (PE) is the layer of a capital stack that sits in between common equity and the senior debt (or sometimes Mezz).Since we always read the capital stack from the bottom up, we can see that senior debt is always paid first, then preferred equity, and then finally common equity.Often PE investors are providing a large chunk of equity, and therefore, want to get paid first (preferred position) before the common equity.By getting paid first, the PE provider is in a less risky position compared to the common equity investors.✔️ Important: PE is interesting because it has characteristics of both debt and equity.