Thanks Account Closed i want to build at least a $7k/mo passive cash flow. so thinking MFH is the fastest and best way to do that. 

Im looking to move our 5 (soon to be 17) short term rentals over from being solely listed on airbnb, to a comprehensive PMS system to save on airbnb fees and build some efficiencies into our workflow.

We are looking to set up one of the 4 units in the building we are buying in DC as a MTR and have some questions.1.

My suggestion as someone who currently has 6 fix and flips and 5 new builds in progress throughout Dade and Broward is to fix and flip anywhere the numbers make sense.

Particulars:1) 1st SFH rental property cash flows $400 and we have a 2 year lease agreement that ends in 2025. 2) 2nd SFH I currently live in, I would rent out and probably experience a negative cash flow of --$100 cash flow for first year, break even 2nd year, and build little cash flow moving forward.

As a mortgage professional for twenty plus years, I can share that the mortgage market is similar to other competitive industries.

As they create the debt after with your situation debt is already created so getting the banks blessing is paramount.I sold an office building i had to take back after the GFC my bank was good to me and kept my loan in place and I did what you did and sold to my Tenant..

How long have they owned the building and what’s the current occupancy?

I’ve done dozens of 1031 exchanges over my 46 year career in the RE industry - both for myself and for my investor clients.The main advise I would give is as follows:Be realistic about your buy options and the market value of these options.

I have been looking at buying vacant land that my family and I could use as an outdoor/ rural getaway with the goal of building on that land in 5 years and make it a seasonal residence (vacation home).