Hi,
My multi-family property (3 units) recently had a substantial fire that started in the garage and moved to the house. Thankfully everyone is safe but it is a borderline knockdown.  It was an older home from the e...

What made you interested in investing in this type of deal?

Maybe add a Tough Shed type of structure.

What made you interested in investing in this type of deal?

Our more resort style destination type homes are very dependent on family travel and have the most seasonality, but also much higher ADR's. 

What made you interested in investing in this type of deal?

@Tiffany Sorocco if you want to invest out of state I would look at what area you want to invest in, ideally something that is not too far away in case you need to go there, but a lot of ppl in CA are investing in the midwest areas and renting to sec 8 tenants. 

Purchase price: $20,000 Cash invested: $38,710 3 bedroom 1.5 bath What made you interested in investing in this type of deal?

You could also use the current home to pull out a HELOC for the DP of the next FHA home.Make sure you are talking to an experienced Banker or Loan officer who has handled multiple "Gift of Equity" type transactions to avoid drawn out process or issues in underwriting. 

My goal is to actually live in the property and house hack 2 rooms while continuing to homeschool my children (ex and I are no longer together so living next door would be a very ideal scenario while raising the kids) once the repairs are done.