Agreed on the financing with a W2 - I'll likely eventually go back - thinking of DSCR financing for now.

With multifamily, you're actually capturing the spread differently -- your returns come from stabilizing operations, forcing appreciation through management, and eventually refinancing at better rates.

Whether you keep it, refinance it, or eventually redeploy the capital, making the next decision based on today’s numbers — not the purchase decision — usually brings a lot more clarity.

If you aren't setting that cash aside every month, a 'surprise' roof or HVAC repair will eventually wipe out all those perceived gains.

But I do enjoy the learning process nevertheless, and I hope to go bigger eventually. 

If you have a Class C/D property, what's your plan to handle eventual nonpayment issues and necessary evictions?

Meanwhile your Florida competition is still fighting over 00k duplexes that break even.South Florida is where you might end up eventually, but it's not where you scale.

So many I know have exited the business while new "so called gurus and house wholesaling gurus are teaching land flipping and bringing in a million newbies to replace those whom have left. always remember that stragedies with low barrier to entry eventually become saturated.

It's easy to set up, etc. but eventually, I ran into limitations for how I wanted the site to look and feel.

I like the idea that if you build it right, run it efficiently, and eventually put the right systems and people in place, it can turn into a strong investment without losing the soul of the place.