I’ve started off with buying equity in a new build that cash flows as a mid term rental.

Rents will likely start to increase again in 2025 is my thought, but you probably can't wait until then to buy as home prices will have moved up again.   

We got a price on the place for full replacement flood insurance at about $1300 a year from Lloyd's of London.

You could then use that money to go buy other properties. 

hi, Buying my first 7-plex in FL (already have multiple duplex) and there is some space to add few pre-fabricated shed storage units. 

Would you buy a home here for $800k for this strategy? 

I agree that it would probably be the easiest to buy an existing duplex or house that has ability to be split or easily added onto.

This allows the sponsor to buy a nearly $50M property with just a few million of investor equity--but it provides zero resiliency to an adverse market. 

But I'm now considering selling that Merced rental and using the equity to buy a San Diego house that I would use as a 2nd home/vacation home & rental.I would rent out a portion of the house & save a space for myself when I visit.  

I am a first time home buyer looking to purchase an out of state investment property through a newly formed LLC (I am based in NYC, looking to buy in Ohio).