It's a valid point and I appreciate the input. My mortgage numbers are different because I have all the variables. The HOA is $75 monthly, taxes are a little over $400 monthly for each property, insurance is over $50 monthly for each now and lawn care is $110 monthly for each property. I'm not even figuring for cap ex or vacancies because the houses were new when I purchased and demand for rentals is high here. Taxes and insurance have gone way up and, with the rates so high, it's driving me to just unload one of the houses and pay off my primary mortgage. Our mortgage is $2,700 monthly so it would be nice to get rid of that monthly expense. I'm not 100% set on just doing BRRRR's but I do have extensive construction experience and contacts with all trades in my local area. I figured I might have a go at doing some rehabs since I can self fund the purchase and rehab and do some of the work myself. The other side of me wants to just use the DSCR program and buy as many properties as I can with the equity I have and try to find some properties that need some work to get full market rents. I'll probably end up doing a mix of both. I've done light rehab work on other properties we owned in the past but definitely wouldn't call myself a flipper. There's also a side of me that wants to drop a huge chunk into a large apartment complex. These are all good problems to have, just trying to consider all options and hear from different investors with different points of view. I really appreciate your time and input!
