You will then have a few options with that rent money....you can put it into principal or you can start saving it to purchase yet another property.

Best,Jon Property tax at 1.1% on $1.3m purchase and $250k ADU is $1420. $2,200 for 6 units will likely not even cover maintenance/cap ex but we will say it does.  7% PM is $770.  5% vacancy is $550.  

The owner of the property is a relative, who purchased the property (condo in Miami) for $200K in 2014. 

If you're financing the new purchase then that loan will have to take first position. 

We worked together in 2022 - My client purchased the property on Millset from you lol

And some investors will be happy with that return on what is a relatively low risk SFR asset they can exit to retail buyers.If cash flow is the most important thing to you, then you may want to focus on things you can purchase all cash.

Purchase price: $300,000 Cash invested: $35,000 Multi-family property with two SFR homes on parcel.

I actually like the suggestion you gave for the second home, I just don't know how I would swing it since we're targeting it as an add the the investment holding company as opposed to a solo purchase for myself. 

Your PM using forensic tools can save you thousands $$https://snappt.com/blog/tenant-fraud-statistics/https://www.quora.com/Where-can-I-purchase-a-new-clean-ident...https://www.safetydetectives.com/blog/dark-web-the-average-c...

And you have provide the money to purchase the new property.