I started my MTR journey with a multifamily property as a LTR and slowly converted it one unit at a time and was really happy with that approach.

This doesn’t mean anything is “off”; it’s just how I prefer to approach this.To address your other questions, the property listing states that it has a new roof, plumbing, and electrical systems, which I see as a significant plus.

I was conflicted on DR's adamant position against leveraged debt, however, having a degree in finance and economics I believed I had well balanced approach.

Given the low LTVs and the significant appreciation your properties have experienced over the years, a cash-out refinance could be a viable strategy for you.Here are a few reasons why this approach might make sense:1.

Their approach resembles the BRRRR method.For example, we have a 3-bedroom, 2-bathroom home in fair condition (requiring less than $20K in cosmetic repairs) that has been on the market since August 2024.

I have been around this wholesaling mid west flipping stuff for 20 years now and have only been approach for EM a very few times.

Honestly, this approach doesn't seem like a very effective practice, which may explain why it wasn’t working.

Luckily we are very close so we are very open to creatives approaches to maximizing this.

I recently ordered a survey on the two lots I own, and realized that I may be approaching this the wrong way. 

Two completely different loans that require different underwriting approaches.