@Andres Safady now that you have a market, recommend you figure out the property Class you want to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

Those are much more liquid and can be purchased online.

We are considering purchasing an income making property and business combined, 10 acres 3300 sq ft home and barn.

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. 

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.

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

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.