I just started thinking about selling it because of the new local rental/landlord law in Concord, and there is no more depreciation.Plus, I am thinking of maybe it will be nice to have a vacation/rental home in HI too and not worry much of maintenance if the building has maintenance and manager in house.

You can go to D Class areas in cheap markets and build a big portfolio.

Having bought in HOA buildings, I will never do it again.

Having said all of that I will finish by saying finding qualified trustworthy people to help build your business is very important.

@Clayton Silva Would you mind sharing more details around how he gets adu build cost that low?

Can I 1031 the 1 commercial (cannabis) retail building and purchase 20 SFR?

I currently own a retail building I purchased years ago. 3 years left on the loan with a sub 4% interest rate.

Hello Bigger Pockets Community,I'm an investor with experience in commercial and industrial spaces, now moving into residential land development in Georgia and the Carolinas, focusing on large tracts up to 100 acres.

Network and try to find a mentor in these groups or wherever you can to help guide you through this industry.

They need positive cashflow to help them build/maintain reserves for the downtimes.