We’re currently planning to go FHA or Conventional at 5% down so planning to live in the property for a year and then rent it.

My properties I am not selling because I plan on holding for a very long period of time.

You can use a DSCR loan as the exit strategy in the event you are unable to sell or plan on keeping it as a rental. 

Here are some of the goals I'm planning to achieve in the next year: - Purchase additional multifamily properties - 30 units +- Start a syndication to purchase additional properties- Grow my social media presence for real estate purposes- Look into buying land and developing multifamily projects- Interested in investing or starting property management companyIf your interests or goals align with any of the above, please reach out.

I am planning to visit the cities next week so if there are any meetups please let me know, would like to connect with investor friendly agents, investors, property managers and anyone who is active in the above mentioned real estate markets.Thank you and looking forward to connecting! 

This disparity highlights the importance of setting realistic and personalized financial targets.Your journey in investment, much like a sports career, depends on strategic planning, skill development, and understanding your unique playing field. 

I plan to just cancel the reservation and lose the $800 profit over the stress.

I thought maybe I could solve this problem later and just pay the minimal taxes on it until then.Turns out, that BP commenter put me in touch with a specialist that has been helping take properties out of flood zones for 20 years (win #1), the commenter himself is a developer with experience and a heavy desire to find good land in FL to develop (win #2), and come to find out this commenter has plans in the works to start an equity fund specifically for delivering affordable housing (win #3)!

I do not have a degree and don't plan on getting one, however I'm in a position where I cant find a career to effectively fund my reserves or get a conventional loan.

According to AirDNA, the most profitable niches in STR in 2024 will be luxury and eco so building a realistic plan towards a luxury listing seems very wise.