Hopefully these will help decrease the learning curve required to come up to speed on these things, but these are things that will always take time and effort to master (and, if you're like me, you'll probably never master it).My biggest piece of advice is still to just be very conservative -- assume there will be some little surprises along the way (even after many, many projects) and if you see any indication of major concerns, get them checked out sooner rather than later.

In even a semi-non prime neighborhood the premiums start to decrease quickly.Good luck!

But lets say that you are including single family in your reply, then hypothetically, I could use the income from other other four rooms ($2400) to offset the PITI and decrease the debt cost of house to $0.The thought process I am going through now has to relate to qualifying for another mortgage for a property in 1 to 2 years while also having the debt each month from my current property.I hope all of that makes sense as I am still learning all of the lingo of REI and mortgage lending.Thanks!

I suppose sending a family member on a weekend trip is a small cost for the decrease in risk.

Many areas have become saturated and hosts have seen revenues and occupancy levels decrease from the post pandemic highs. 

Bullet points for description, avoid repeating information, decrease amount of photos, add accent walls where applicable / splashes of color!

But decreasing my expenses is the main goal for now

On top of that, decreased consumer spending exemplified by Black Friday is showing that folks are saving money for essentials.

.- Property Value Fluctuation: If the property value decreases, the buyer might be locked into an overvalued price.Advantages for the Lessor/Seller:- Steady Income Stream: Regular lease payments ensure a steady income.- Higher Sale Price: Sellers can often negotiate a higher sale price compared to a traditional sale.- Attracting Buyers: It opens up the market to buyers who might not qualify for traditional financing.Disadvantages for the Lessor/Seller:- Delayed Sale: The full sale of the property is delayed until the lease term ends.- Maintenance Responsibilities: The seller might still be responsible for major repairs during the lease period.- Market Risk: If the market appreciates significantly, the seller is locked into a predetermined sale price.Regarding whether it's a good strategy for getting started in real estate investing, lease-to-own can be a viable option, especially for those with limited initial capital or for those wanting to enter the market without immediately committing to a mortgage.

I've laid out some pros and cons below that we thought of off the cuff: Single Family: Pros:- Many potential targets (more available)- More likely to find a deal (but varies from market to market)- Location (more SF homes in more locations compared to MF)- Condition (easier to find new(er) inventory)- Exit Strategies (can resell to an investor AND/OR an owner occupier)- Simpler Financing (residential compared to commercial lending)- Self Management Option (easier to manage one home as opposed to many tenants)- House hacking (many forms of this in a SF home)- Lower barrier to entry/lower buy-in costs (cheaper properties) - House Swap (primary residence financing with rental income after moving out)- Tax benefits (potential to 1031 exchange or Section 121 exemption for primary residence) (always check w/ your CPA) Cons:- Generally lower returns (owner occupants also drive pricing) - Single tenant income (less diversified income) - Potential for more upkeep (yard work, trees, etc.)Multifamily:Pros: - Efficient management (more tenants in one location) - Higher cash flow (generally a greater return than SF) - Utilities (more utility efficiency) - Tax benefits (1031 exchange, cost seg, 39 year depreciation on 5+ units) (always check w/ your CPA) - Can force appreciation (through decreasing expenses/increasing rents) - Very scalable (can keep 1031ing and "upgrading" in unit count with the next property in one place) - Income diversification (many streams of income on one parcel in one place) - Larger targets can yield higher returns (as unit count grows, generally cash flow does as well)Cons:- More complex (typically significant nuance)- Fewer opportunities to buy (fewer targets available) - Older inventory (generally on smaller MF)