Your current single-family property has a $1,000 monthly out-of-pocket expense—consider selling and using a 1031 exchange to acquire a multifamily property with better cash flow.

After conducting thorough due diligence, including a professional inspection and market analysis, the property was acquired for $72,000.Renovation and TransformationThe renovation aimed to modernize the property, enhance its appeal to potential tenants, and maximize its long-term value.

Acquired 3 lots on mulberry st near west end of Cincinnati about 3 years ago still sitting on it.

In Hawaii the debris was systemically removed, wrapped in plastic and disposed at a 70+ acre site the city acquired.

Hey Patricia, I have a PM in Cincinnati that have helped several of my investors when acquiring properties.

Congrats on your success in acquiring the duplex that now will yield 6.5% cap at current lower rental rates. 94115 is a great zip code to be in.

Also, what is your price point for the 3-4 MFs you want to acquire?

I know that in the future we will have some sort of market downturns and you could lose all that you acquired with properties that target low paid workers.Behavioral issues are a significant concern.

Also be open to knowing that you are acquiring a series of problems.You're in the solution business. 

My suggestion would be to manage it yourself for 1-2 years, then as you acquire more rental properties, you can start using a PM.