if your goal is cashflow, but you don't want to self-manage a STR or MTR, then selling to make that equity work harder for your somewhere else is the only thing that makes sense. q: would your time be better spent focused on flipping & letting that rental break even, or going through the process of turning that equity into cashflow via a 1031? 

@Alba Cheung You can initiate the eviction process yourself, by filing an eviction notice at the Fulton County courthouse.

What you will get from meReal estate is some what of a passion for me, especially the rehab side of things, so you will get a super motivated individual with a growth mindset.

It is true that they do not travel as groups in general, and would have to be ready for individual renters moving in and out at different times. 

house hacking is the best way to get started, period.So what about doing that and living in one room and renting out the rest out individually?

The house would have to be decent sized however to accommodate that many individuals. 

Individually, they can't qualify with income, but as a group, they're well above my requirements.

If you are comfortable going through the building process and have a builder that you trust you would probably get the best return by building on the lot and then selling and deploying that equity that you have now built into another asset via a 1031 exchange.

interesting to see, a bit different but any market has development that works. we do a similar strategy for new construction but it's based on land location and identification rezoning zones that are ideal for high density in columbus oh, and a product that does very well which we do a triplex on a slab. all the same. 50k for a lot, 300k hard cost build for a stacked 2/1 triplex about 650 sq ft per unit, appraises for $500k approx when done, total return of capital within 12 months (Build, rent, refinance, repeat), and then redo the same process. it's harder to do it in some areas but in columbus we mostly do it in the urban core where density is typically supported because of the abundance of multifamily already. 

Hello all, I am reading on the real estate investing process and i plan to buy my first property with an FHA loan, however, as i am no one with any experience on rehabbing i have this concern of pricing.So when i find a property and get to the inspection part, i understand they find issues with the house, some which can be minor and others major.