As for holding a home and building another one - be sure to include carrying costs of the first home while building the second.  

I have each of mine under a Landlord Policy, but then have an umbrella policy over my own home and the rentals; extended liability coverage.

Hi, we are trying to do a 1031 exchange by selling our rental condo in exchange for a single family home rental.

Quote from @Steven Diaz: Hello,Was going to start construction on a two story 3bd 3.5ba 1500sqft primary home and a 2bd 2.5ba 800sqft ADU.  

I shouldn't assume Fumi that you are female and if you are, you have to be even more cautious about having strangers in your home.  

Nowadays many vacation homes are priced as STR businesses with profits baked into the price (with future guests expecting instagram furnishings).  

I stuck to it and it has treated me well over the years.I did not start investing ( other than buying a home to live in) till many years later..

Curious why you want to focus on multi-state and not close to home?

I think the area is short on larger (4-5 Bedroom) homes that can really accomodate a whole family.  

I wouldn't touch Franklinton with a 10' pole on the existing inventory side. gravity 2 is being auctioned and sold by the developer the area didn't support office developer lost millions:https://www.bizjournals.com/columbus/news/2024/12/19/gravity...linden I agree on if you can get a good deal. super fast appreciation. small homes, close to downtown, you can look at year over year and it's going up fast but also fast to change. any urban adjacent neighborhood is going to be good.