So would you cash out like half 250k or more?

The largest cities in the US are growing at less than half the rate of Columbus...in the next 50-years Columbus will eclipse locations like San Jose, Dallas, San Diego, and soon, Chicago...Full Report

Although my parents who are in their 60s refuse to use Airbnb because they can't figure it out.Initially we were on both platforms, but after a year and a half we were getting 98% of out bookings through Airbnb.

On a personal level, I think the easiest way to start is by House Hacking so you live for free and that opens up some cash to get started on your second property. 

Just a quick stat...In northern Florida only 996 Investors own ALL of the multi-family real estate over 10 units.And out of that small group, only 403 own ALL of the properties over 100 units.Florida has 21 million people.In Florida 34% of the people are renters (700,000 people) perhaps half live in Northern Florida.

Then the tenants father, being a plumber and in rehab, said it was about half of what it should be.

(Our LLC would bring half, one other guy would bring half) Because of that we are looking to bring in another acquaintance of mine to be help fund the deal.

I blew past this one by a mile currently at  $4,900,000 range.What are my main challenges: The first contractor I had, who did great on half my portfolio went sour. 

While she has little to contribute financially, I will be providing the financing, she has half interest in our primary residence that is worth about $250,000 and is income producing, and $35,000 in retirement funds for assets.

Routinely doing a lot of work on proeprties for $5-$15k with this method that would take weeks and weeks myself (and only cost half as much) or be $20-$25k+ hiring a project manager or GC.Good Luck!