Andrew,I have purchased a few RETA deals recently (Mexico and Portugal).  

I am looking to purchase a house with a basement MIL (separate entrance) and will STR the MIL.

One is LTR and other recently purchased will be a STR.

I'd be conscious that builders often tout 'design/build' services where they higher architect/designer and then just mark it up to you the owner in their costs.

If you just want a little bit to help purchase the 'next one', then reduced leverage, increased cash flow monthly, and repeat until here in a few years you can refinance a few into something bigger.Good luck! 

You may need to be able to justify why it is no longer a 2nd home (your rationale, what has changed in the 2 months since purchase that led you to change your mind on usage?).  

Here's a breakdown for a rent-by-the-room investment property in Denver: - 6 beds/ 3 baths- Purchased in March 2024-Monthly Income: $5,300: Master: $1000; 2 large bedrooms upstairs $900; 2 bedrooms in basement: $850 and one small bedroom for $800-$300 Reserves-$3500 Mortgage Payment-avg $500 in utilities=$1000 in monthly cash flow! 

While these fees are higher than purchasing another rental property, it's a tradeoff to investing in a passive real estate investment and not having to put more money into capital calls if there were big ticket items needing repairs in a rental.Conner JacksonTangible Wealth Solutions

Before I move on a purchase I will for sure be visiting the property.  

Investment Info:

Single-family residence other investment.

Unique half-acre Cul-de-sac home in Port Saint Lucie 2100 square feet of living space under air, crown molding accents. Separate1800sqft 5-car w/out...