Using smart financing like portfolio loans or refinancing after value-add improvements can free up your capital for future investments.Diversify property types – I’ve seen investors get stuck in one type of rental (e.g., single-family homes) and miss out on opportunities in duplexes or small multifamily.

It sounds like a great opportunity, especially with the location near theme parks and convention centers.Nice job negotiating a lower price with motivated sellers—that’s a smart move.

Money in the bank is not smart.

The Memphis fix-and-flip market has a lot of potential, and connecting with experienced investors is a smart move.

Be sure to do your research by connecting with local hosts in community Facebook groups to find out where most of their bookings are coming from.Listing your property on multiple platforms is a smart move, but make sure these are the sites that travelers to your region actually use.Additionally, consider developing a marketing strategy tailored for snowbirds or mid-term renters during the off-season.

First the Umbrella policy was a smart move.

Adding PM cost into the calculation to give some buffer is probably smart.

If you have a glass door there, could be a faulty rubber sweep at bottom of door.  

Thank you Ned, that is exactly right, we actually check a condo/townhouse about 2 weeks ago, the thing was a condo with a basement, I cannot tell if it was a condo or townhome, anyway, the ceiling in the first floor was bowing, the 2nd floor, one of the bedroom was sinking, could not tell how this damage was done but the walls came apart from the floor, you could see the roof of the unit bowing inwards towards the structure a bit, and their "general contractor" estimate that for 5k they could straighten the property and level everything, even 1 window and 1 door looked so uneven that you would think  there was something wrong with your eyes...5k for structural damage, good luck with that one, we ran as far as we could from that....but we have seen they do inflate their ARV, since we learned the hard way , we go through these deals with a magnifying glass, I knew I was not so picky, numbers do not lie.Another thing that caught my attention, which I do not know if I am overly suspicious now that I am older, but they want to get the closing for us at the same time/day they are getting the property from whoever they buying it, which it seems to me they try to save on the closing by having a "dual" closing when in reality is just 1 closing and we are the one paying for it...I do not know there are few things that do not click right with this folks.

The fact that you were able to rent the property after a full gut renovation indicates a good return on your investment, and refinancing after the rehab was a smart move to recoup your cash and prepare for future deals.One key observation is the challenge of rehab budget overruns.