I’ve started off with buying equity in a new build that cash flows as a mid term rental.

Rents will likely start to increase again in 2025 is my thought, but you probably can't wait until then to buy as home prices will have moved up again.   

You could then use that money to go buy other properties. 

hi, Buying my first 7-plex in FL (already have multiple duplex) and there is some space to add few pre-fabricated shed storage units. 

His cost basis at that time plus any extra amount he spent would be his new cost basis.

I agree that it would probably be the easiest to buy an existing duplex or house that has ability to be split or easily added onto.

But I'm now considering selling that Merced rental and using the equity to buy a San Diego house that I would use as a 2nd home/vacation home & rental.I would rent out a portion of the house & save a space for myself when I visit.  

I am a first time home buyer looking to purchase an out of state investment property through a newly formed LLC (I am based in NYC, looking to buy in Ohio).

I'm a fan of the consistent, not checking which way the wind is blowing, dollar cost average investor that keeps buying every year or two.

Looking for guidance on best neighborhoods/areas to consider in order to Buy, Renovate, and Rent in Philly.