That way you are not competing with 30 other owners for rent.

Is there a way to remove rent control from these units, especially the vacant ones?

Best of luck on your journey!

It’s a great way to maximize rental income while offering a unique solution to tenants.- Value-Add Investments: Beyond cosmetic upgrades, think about adding amenities like solar panels, EV charging stations, or smart home tech.

For Non-Admitted carriers, the important item to then pay attention to is the AM Best rating (or equivalent rating agency).

We built a single family home version of a 2 bed 1 bath with surface parking at cost with no profit all in with land for 175k in newark ohio, a suburb of columbus ohio. when we push that to 3 units and closer to the city for our build to rent model the numbers go way better. a 30k slab for a single family home is 30k, a 30k slab for a triplex is 10k a door. we designed a 2 bed 1 bath design at 668 sq ft and it's very good layout even I would live there, but I would never build anything that small again. there's no economies of scale. you need density and shared lines, resources, shared roof shared slab, shared windows, etc the cost goes way down.

Buying portfolios can be a great way to scale, but it comes with pros and cons. 

The leadership part I believe is key, or mentorship is another way to look at it.

Well, this my opinion, if you like unpredictability, constant change and people/contractors with no regards to you or your property then "YES" flips and STRs are the way to go...LOL....I love it!!! 

The best place to start is with a spreadsheet that has every every cost itemized.