Negotiations centered around securing a favorable purchase price, which we achieved through swift decision-making and leveraging our experience in evaluating properties for fast resales.

We are W-2 employees with pretty straightforward tax filing at this point. 

I realized that I was slowly turning into a "Cash Buyer Employee," relying on a few cash buyers to take my deals—mostly due to speed and the certainty of them closing.

You are getting good advice.I would say that we evaluate market rent each year but if the increase would be less than $50/month we skip that year.And we raise rent to the midpoint between current rent and market rent. 

You are asking the classic question in the MTR space: how does one evaluate what could be a good MTR.Unfortunately, MTRs are at a point similar to where STRs where 10-12 years ago, and there really isn't a one stop shop source for great data.

I need to measure/evaluate if that equity's performance is where I expect it to be.

Hello Cliff, as I went through this about five years ago before I started investing in properties, the advice that you’ve been given initially is right on point so from another perspective, but say that you hire yourself as a W-2 employee instead of an owner on your schedule C personal 1040.

-Statistically, it's a significantly better approach than zip codes and we assist with block-by-block evaluations when necessary.

Look for cracks in the foundation, walls, or ceilings, as these may suggest settling or shifting.Additionally, keep an eye out for pest infestations, particularly termites or carpenter ants, which can cause significant damage to wooden structures.Lastly, be aware of environmental concerns such as radon levels and underground oil tanks, which can pose health risks.Having a qualified home inspector conduct a thorough evaluation is essential.

When deciding whether to hold, sell, or exchange, you’ll want to look at a few key metrics: your current return on equity (ROE), potential returns from reinvesting, and your goals for the property.Given your appreciation and the fact you're considering a 1031 exchange, it might make sense to evaluate if moving that equity into a larger or more profitable property could accelerate your growth.