If they have been paying well under market rent for a long time they may have a hard time suddenly managing a place at current market rents.

Hard money is a great financing program to get you going.

I'd suggest the path of being a HML (Hard Money Lender), focusing on JV's. 

Someone called me today (probably his wife) and said Preston has been trying so hard to clean up his image and was upset by this post.

@Sam HendricksenMultifamily is super competitive in this area and you have a huge advantage over your "competition" with the fact that you are owner occupying as most deals nowadays hardly cash flow. 

Long and short, when I now look at my "return on Equity" numbers as opposed to my casual on cash return numbers it makes all the sense in the world for me to sell.Wholesalers contact me at least once a month the past 10 years and are always asking if I want to sell one of my properties, but I'll be hard-pressed to ever find a wholesaler that wants to pay me for what these properties are worth and is also willing to buy all the properties in one transaction which is how I'm looking to sell.Given how good our return numbers are here in northeastern Ohio compared to the parts of the country I know that out of state investors would definitely be very interested in in this portfolio.

you can use hard money to buy a BRRRR - will still require a down payment - and then refinance. 

Real estate is not the stock market and it's called buy & hold and not buy & sell for a reason.I did sell a few properties about 10 years ago when I learned the hard way that going into cheaper neighborhoods was not the right strategy for me, so that was basically a strategy correction and it was necessary, but also costly both in terms of dollars and time.

This is a hard job.

I haven't determined my price point yet as I'm still researching hard money lending and DSCR loan products.