I had desisted of the idea of house hacking due to the fact that most small multifamily properties are  the most desirable areas(based on my experience).

. - How long have you been in the business of property management?

If the second property you are buying is not turnkey, will require some work, and there is a clear value/range of what you can bring the property to by adding value then you can refinance to pay back the majority if not all of your HELOC (used for downpayment or to buy the property completely).You'll need to know how to analyze an after repair value of the property to figure out if that technique can work or not.

I’m all about the rental properties and fix-and-flips too, so let’s definitely share insights and strategies.

- What property class is the rental (A, B, C, D)?  

Your losses even depend on number of things like the basis of your earlier property, any additional capex required like HVAC or major repairs, output of cost segregation studies, etc.

There are great rental long term rentals in my area but also considering an investment  at the beach for a short term vacation property. 

Here’s why you should consider investing in this growing market:Affordable LandFlorence offers affordable land compared to larger markets, allowing investors to secure property at lower prices with strong potential for appreciation as the area develops.High Demand for New HomesThe city’s growing population is driving demand for new construction.

I have a property in Kansas City that has been freshly renovated.

Here is the deal:I am in a rent to own situation for an investment property.