Then move to San Diego in a year or two and deal with management and decisions while I'm out-of-state.I think I have a decent grasp on how cap rates will differ between Denver and San Diego and the implications of this on my down payment and cashflow potential. 

As you consider investing in a multifamily property, it is crucial to look for areas with potential for growth.

Many investors built a large portfolio by using that strategy and repeating it over and over again because of the favorable financing terms.I suggest you think about potentially finding a home where you could rent out a portion of it to renters, maximizing it's potential and for you to save more money for the next one!

Making use of a DSCR loan, which offers the these benefits: interest rates, down payment, potential cash flow, etc.Create a thorough financial plan that accounts for probable market swings, property management concerns, and emergency funds.

This approach demands a good eye for potential, patience, and a hands-on commitment.However, if you're new to real estate or prefer a more straightforward approach, a nearly turnkey property might be a better starting point.

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $365,000

Cash invested: $200,000

Originally a primary residence that was severely damaged by hurricane Ian and now ...

All new MEPS, insulation, windows, roofs, siding, flooring, sheetrock, tile, cabinets, doors, etc.

It's the space right under the roof.Attics are useful for storing things, but they also help control the temperature in your home.They act like a big blanket, keeping your house warm in winter and cool in summer.But if there are issues in the attic, like poor insulation or pests, it can affect your comfort and energy bills.Pest InfestationsPests are unwanted guests in your home or property, and dealing with pest infestations is essential to keep your space safe and comfortable.These unwanted visitors can come in various forms, from tiny insects like ants and termites to larger creatures like rats and mice.When pests invade, they can cause all sorts of problems, including damage to your property, health risks, and annoyance.Why Pest Infestations Are a Concern1.

For me it comes down to the potential profit I am going to make.

Expenses--far from miscellaneous you need to anticipate potential BIG issues.