Our initial idea was to build-to-rent two 1,300 sqft homes on the additional tracts of land, but after speaking with lenders, the current interest rates made this unfeasible.

We have online and in-person auctions in NY state, so it really depends on your location and the auctioneer.

It helps you find reliable property management partnerships and gives you everything you need to make confident hiring decisions, like:Expert Matching: Match with professionals who meet your criteriaExtra Assurance: Licenses, experience, ratings, reviews, and more that can be cross-checked with BiggerPockets membersBonus Content: Receive an essential interactive workbook: “How to Interview Property Management Companies”

That said we maintain a 4.8-star rating which we're very proud of.

Furthermore, we have a less than 3% interest rate on our home, and we love were we live.My family and I are finally getting to a position in life where we are financially secure.

Flippers pay the highest taxes possible as they are paying regular income tax,not even capital gains tax rate, much less zero tax. 

Or worst case, landlording is often an uncomplicated exit with a For Sale sign (and can even be a profitable exit depending on the market)...

Those two together create equity.Here's what I want you to understand about “buy and hold” residential real estate:Let’s use a single family home with a property value of $300,000Let’s use an initial loan amount of $240,000Let’s use an interest rate of 7.25%And I’m going to give you $150 of cash flow per monthUse a 5% appreciation amount for your property per yearLet’s see what happens after 5 years:After 5 years…$150 of cash flow per month = $9,000Your mortgage has been paid down to $227,000 = $13,000Your property is now worth $382,000 = $82,000So that’s $9,000 of cash flow, $13,000 of principle buy down, and $82,000 of appreciation.

We use a few different companies that range from $1900- 3200 depending on the extent and company. 

Keep in mind if your jurisdiction prohibits discrimination based on source of income this works both ways... market rate tenants have the same right to rent your place as those with a voucher.