It would be wise to ask your CPA the capital gains exposure once this strategy is being executed.

I handle dispositions and tech; my business partner is more experienced with exit strategies and the finer points of investment.Hope this helps!

But the real difference comes down to what actually drives revenue.For example, splurging on a mural in a one-bedroom rental for travel nurses won’t necessarily increase bookings (unless they’re influencers and you have a social media strategy for your rental).

Keep in touch with your lending partners for each one so you can understand whether you need departure residence income to qualify for the next or not.Finally, if you're investing with a Significant other, I recommend considering a "leapfrog" strategy where you buy one, then your partner buys the next, and so on.  

Educate yourself with resources like The House Hacking Strategy and practice analyzing deals using tools like BiggerPockets calculators.

Quote from @Gregory Schwartz: I have 2 very close friends who grew well beyond 2 rentals with this strategy. 

Revisit your strategy annually to adapt to changing goals and market conditions.Good luck!

You might consider other strategies, like taking a home equity loan or refinancing to fund repairs, but consulting with a tax professional or CPA would be the best next step for your specific situation. 

I have a strategy that would work great for you.

I got into RE investing utilizing the same strategy as you're exploring.