Same general concept for a single family....but I'd definitely encourage a house-hack before worrying about an investment at 20% down, assuming you're still planning to sell the condo.

To apply or get more information on the Rent & Utility Relief Program, eligible residents are encouraged to contact the following organizations directly beginning Monday, March 8: - United Way of Forsyth County (240 Elm St.)o By phone: (770) 781-XXXXo By email: - The Place of Forsyth County, Inc (2550 The Place Circle)o By phone: (770) 887-XXXXo By email: Additionally, a Forsyth County call center will also available, between 9 a.m. and 5 p.m. on weekdays, by calling (678) 273-2972 to connect residents to partner organizations for application processing and to provide additional information in the following languages: - Simple Chinese- Spanish- Korean- Hindi Information on the program in English, Simple Chinese, Spanish, Korean and Hindi can be found at forsythco.com/rentrelief, or by clicking here.

I also encourage you to check out investor lab where there are a bunch of helpful local investors.

I would encourage you to keep some cash reserve for the property that you currently have and then save 20k over and above those cash reserves.

In California, one of the laws passed during the last drought encourages (and requires for new construction) water submetering of apartment buildings (SB 7 https://leginfo.legislature.ca... see https://caanet.org/kb/water-su...).

There appears to be a lot of factors that are currently (and have been) contributing to the high demand for houses and the lack of inventory, such as rock bottom interest rates, the pandemic encouraging people to move from the cities and purchase homes, etc.

If this is new territory for you, I would strongly encourage getting a real estate professional on your team, be that a broker or an attorney.

BP is a great place to learn the basics of realestate investing and to get motivated, but it doesn’t, or shouldn’t, replace the benefits that one-on-one interactions that developing good relationships with investors in your area bring.I would encourage you to reach out to investors in your area and offer to buy them lunch in order to start networking with them.

I would strongly encourage you to talk to a tax professional.

I can offer support and encouragement for you to keep plugging away at it.