Please note that depreciation recapture on the building that's sold will need to be picked up in year one on their tax returnAlso - it's beneficial for sellers looking for an income stream as opposed to having one lump sum of cash. 

Know What You Can DeductIf your Airbnb is classified as an active business, you can deduct almost every ordinary and necessary expense tied to running it.Here’s a quick list of deductions most hosts miss:Cleaning, supplies, and guest amenities Repairs and maintenance Property management feesUtilities, Wi-Fi, and streaming subscriptionsAdvertising, software, and booking platform feesTravel to and from your property (yes, mileage counts)Home security systems and smart devicesProfessional fees — CPA, attorney, consultingDepreciation on the building and furnishingsPro tip: If purchased after January 19, 2025, you can take advantage of the return of 100% bonus depreciation under the One Big Beautiful Bill.

If a house hack isn’t an option, look for a property, a duplex or triplex near a popular city or strong rental market, which can give you multiple streams of income, but even a single-family home in the right neighborhood is a great place to start.Connecting with a local real estate agent and a lender can help make sure you find a property that’s affordable, cash-flow positive, and a good fit for your goals.From day one, think about it from a tax perspective: which type of rental works best with your income, what deductions and strategies you can use, and how you can maximize savings to reinvest and grow your portfolio over time.

My guess, without knowing exactly where you're located or what your local market is like, is you could refi this, use the funds to invest in two more properties, and keep around the same cashflow, but you'll then have three streams of cashflow that are growing and three properties that are appreciating.

I realize that is another revenue stream, but that seems like that would take your focus away from the larger paydays. 

The first place to look is the equity in that property or another property you may have which you can refinance out to use as a downpayment on the next property.If you do not have equity yet, you could look for an equity partner or private lender.Or, since you are considering other streams of income, consider getting your real estate license and help other investors do what you do and save up for your next downpayment that way.To Your Success! 

I.E streaming.

Some Details:4bd/2ba (3/1 upstairs and 1/1 downstairs)2,200 sq ft (1,100 upstairs/ 1,100 downstairs)Value: $410,000Equity: $90,000Interest rate: 2.2%Potential rent as a 4/2 (per a local property manager): $2,900 x monthMortgage: $1,900We bought a below grade flip ( basement was bult down hill to a stream) in Seattle where it occasional rains.

Managing Cleveland MF from the other side of the country sounds like the plotline for a movie that ends badly.

If I understand options 1 and 2 correctly, waste area is land not suited for farming or development, but keep it for hunting.. ie streams, wetlands, etc. and for home property, search for properties with homes on I can rent, but subdivide off the large acreage for my own use?