A question I have been pondering within myself for some time and figured here would be a good place to get an answer.I currently own a home that has close to 100k in equity in it, we plan to move in 3-5 years to our long term house and would be sizing up a fair amount.So my question is should I use the equity to fund investments/projects, or should I save it and roll it all into my next house so I can have it paid off sooner/lower my monthly.

At that time, it is the only house I was qualify to purchase How did you find this deal and how did you negotiate it?

Find another property manager first, though.

We are a full service property management and real estate brokerage based in Virginia looking to assist anyone as well as invest on our own.

HI SAM,You can always start off by house hacking meaning you live in one UNIT or ROOM and renting out the other vacant units/rooms to offset your monthly mortgage payment.There are several ways to run and make sure you are maximizing your rental income while keeping your living expense as low as possible.

These terms were provided by the seller's daughter who managed the properties and were not disclosed to us during the transaction.The legal expertise we've received up until this point has not been helpful.

Have a lot of knowledge managing there and Im looking to grow a portfolio.

18-22% management fee is common in Florida for vacation rentals.

@Michael K Gallagher We originally planned to build three houses on the lots (1/3 -1/2 of a block).

Additionally, you must cover the cost of housing for the tenant while the deleading work is being done.