How long are you planning to do this approach?

When you are getting into raising big dollars from sophisticated investors they are going to want to see a track record and a well thought out and detailed business plan.

Thanks  @Greg Scott   I was planning on getting an appraisal. 

DSCR is available for an LLC to use for purchase and cash out refis as long as you never plan to occupy the property yourself.

I've already renovated one of the bathrooms, and I’m planning to paint the interior, update the kitchen cabinets, possibly sand the wood floors, build a fence is a corner lot and increase the rent for the room since my tenant is currently renting the entire 3-bedroom, 2-bathroom house for $800 a month.

However, keep in mind that tying your primary home to an investment carries inherent risks, especially if the flip doesn't go as planned.

I'm not talking about cosmetic fixes, I'm talking adding bedrooms within an existing floor plan, creating a second unit (like an ADU), etc.

Building good relationships with tenants and professionals while planning for future scaling opportunities can also help you grow sustainably.Good luck!

I would consider selling if you have lived in the home the past 2 / 5 years since you have a decent amount of tax free equity in there but as long as you have a plan to reinvest those funds.By your numbers, since you have an amazing rate and high rents, I would consider renting it out if you believe your area will continue to grow in value.

I don't plan to ever move the property, and I want to keep it as a rental as long as possible.Thank you