Then sell the property and start doing fix and flip or fix and rent. ( I prefer to sell this property as it 100km away from my student rentals. ) Not sure if I should renovate the lower unit to sell.

What would you say your goal is: A) Cashflow Growth B) Net-worth Growth  The goal is to learn as much as I can about multi family or similar apartments and to get started by the EOY.

All it needs now is a little TLC to bring it to life—think fresh paint, new fixtures, etc.The cabinets, floors, and walls are all in good shape, so you’ve got a solid starting point.

Are you going to be starting your portfolio eventually?

Should we sell this one and invest in a new one and start fresh?

There is a lot of research to be done to make sure it is feasible before you start the project. 

For real estate just start analyzing as many deals as you can so you get more comfortable and confident.

You're off to a bad start if you must create a poor perception of other options to make your concept look good.  

(ATTOM)While specific monthly foreclosure data for Maricopa County in 2024 is limited, earlier in the year, in April 2024, the county recorded 281 foreclosure starts.

@Melissa Sejour Its a great question we all had starting out.