As I start to prepare my search for my second deal, I seek advice/thoughts. I currently live in a remodeled townhouse(which now has equity in the property, do not plan to sell, plan to continue living and if I move out, rent out) in South Florida and I am house hacking with a roommate at the moment. My goal right now is to obtain 4-8 unit that will cash flow $150/door. Any advice? Advantages? Disadvantages? Going into a second deal with a mortgage on my record? What about investing in the same state but several hours away?
My hope is by obtaining the 4-8 deal, it will snowball the following year and so forth.