I haven't set specific targets beyond this initial goal, but I may aim to increase my passive income to $5,000 or $10,000 per month in the future.Current PropertiesI currently have two properties:The Loft:This property is rented out long-term and generates around $300 per month in passive income after HOA and management fees.The loft has approximately $100,000 in equity.The House:This is a brand-new build (2024) that I'm currently occupying through house hacking.I invested $70,000 in the property, which means I have $70,000 in equity.My plan is to convert this property into an Airbnb or long-term rental within the next two years.Short-term rental comps suggest I can earn around $3,500-$4,000 per month, while long-term rental comps indicate I can earn around $3,000-$3,300 per month.Seeking AdviceGiven my upcoming financial situation, I'm seeking advice on the best course of action.

Once you rehab it and maybe put $50k of "sweat equity into it", it would be worth $200k, but they would sell it to you for $150k seller financing after the down payment.So, on the surface it sounds great because you aren't coming out of pocket, but in reality if you have the means to close the deal in cash or with any kind of financing like a hard money loan you would likely be better off. 

Efficient negotiations secured the property for $93,000 on favorable terms.

These homeowners also are attempting to cash flow their home over pretty rough mortgage terms. 

I am an active duty Marine so we do have access to the VA loan.

I can’t stay in or work or furnish services on my long term rentals that are in my SDIRA.

I suspect that markets with landlord and developer friendly policies will see more growth, in terms of populations, jobs, etc. 

Is it difficult to get an FHA loan through an LLC?

I am interesting getting some feedback on the type of loans that are available for a project like mine?  

@Vi HuangNever heard of them but there are way too many lenders out there to be paying fees to review the loan.