Especially when investing out-of-state, take into account the time, work, and obligations needed in maintaining the property.Create a Long-Term Investment Plan: Develop a long-term investment plan that outlines your goals, strategies, and timelines for acquiring additional properties.

@Kevin Goldman if you plan on paying all cash on purchased rentals, your biggest challenge will be deciding what risk-reward strategy to pursue:SFR vs MFRWhat property Class?

I'm not sure what market you're in but in the markets we have worked and purchased in it's the tax assessor site that includes the sold data. 

Or any tax strategies that I’m potentially missing out on by not setting it up in an LLC versus personal conventional mortgages?

But I think the house hacking strategy is a great way to make big moves in 2023.

However you are missing out on strategy that will likely save you more in the long run, IF your goal is to grow into larger properties or take advantage of cost segregations 

If you are in an inexpensive area that is growing, you can often get both cash flow AND great appreciation.With that in mind, I thought it worth sharing this fresh US Census data.

What strategies have you all employed to lower DTI and meet lender requirements? 

My strategy is to keep it for long term and create equity.

Whether dimensions or financial data.