However, if you’re comfortable with the expenses and prefer to hold, you’d continue building equity, but it may take a while for cash flow to improve.

It's a really high-energy dog and I don't think they take it out often enough, so they play indoors a lot.

Currently in the planning stages, focusing on efficient renovations so we stay on schedule. 

The balance is  blending different DSTs to achieve an efficient LTV.If they were not working well for investors, DSTs would not continue to attract the capital they are year over year....something is working right.

These improvements significantly increased the property’s market value and rental potential, attracting premium short-term rental rates and ensuring high occupancy.

If you're willing to hold the property and make some cash for the next 5 years or so you could see a big profit down the road or just refinance into a much lower rate and improve your cash flow!

Out of the 20 letters I've sent, I've had 1 guy get back to me and we were in discussions but weren't able to find a price that worked for the both of us.The issue is that I only have a few houses on my mailing list so far (just places I've walked or driven by that caught my attention), and blindly searching every street and address # to see which houses are actually legal multifamily will take forever and doesn't seem efficient.I know the data is publicly available, I just don't know how to aggregate it in a way that would be efficient and useful for blasting out marketing mailers.Are there any websites that can pull massive lists of all multifamily houses in my area?

You can do that much more efficiently via hiring a business coach or working with a mentor. 

I'm thinking of offering $450K (cash and bank loan), make improvements as leases end, and then refi and increase rents as necessary.

We have a work instruction we have made for our business which has definitely helped my wife and I become more consistent in our approach which has also improved our results.