I'm seeking your insights on purchasing an investment property (focusing on equity growth and self-sustainability) near Wake Tech - Southern Wake Campus and the McCullers area.

Current plan is to take out an equity loan on the property (tax rolls have it at ~$300k) and use some additional cash to build 4 units, then refi, then build additional units until we have ~20 doors on the property. 

I'm looking for an answer on this as well. 

The plan for this home is to try it out on the STR market for a few years OR possibly cash out on the investment as I do feel we could sell for much more than we have invested. 

The first chart shows the estimated return on a 100k investment where 100k becomes 193kA couple of questions:1.

In the meantime, I’d love some advice on what peoples suggestions are as to what they would recommend to study up on first.

My husband and I are high wage earners, so from what I understand, you can’t claim depreciation against your W2 income after a certain income level, but can you still claim depreciation on income made from profits on a rental after you’ve surpassed the income limit or is that still phased out?

And/Or any one with advice on this is greatly appreciated.Thank you.

I would do 3 night minimum on weekends max.

They can't control the utility company repairs, so this makes since.Hopefully they will get all these online quickly too.