@Tyler GarzaYour "buy a new house, rent the old one, and trade up" strategy is a solid way to build wealth, but there are a few key factors to consider.

It's actually cleaner and more straightforward than building in assignment fees here and there. 

Quote from @William Dorrough: I currently either purchase and value add large scale multifamily properties or develop, and build ground up my issue with scaling is we have done this without brining in investors i have a great deal flow with a good track record im really looking to do more i have the capacity but have the need for more capital in one way or another  Scaling without investors can be tough, especially in multifamily.

You definitely can't just buy a building low down, do no work to it and keep old rents and expect to profit. 

I'm interested in flipping, and short-term rentals at the moment to build good cash flow, then pivot into more of a buy-and-hold/appreciation play 10-15 years from now.

local PM here - I would master underwriting and build out your network.

The challenge is the that you need to have a plan for the property that will allow you to improve rent collection, lower expenses or build the equity.

I’d recommend continuing to build equity in your home for the next year or two.

They will schedule an inspection to verify that the second bedroom does in fact exist in the apartment.

I'm seriously considering trying to find something there, but need to build up my knowledge and contacts of reputable agents and contractors etc.I'm interested in multi-family, STRs, commercial, self storage, and possibly even flips if the right opportunity came up.