I know it may sound as a BIAS from my side but I think this should NOT be legal to put covenant, see my logic here a builder build a whole community and one part of it is rentals the rest is single family, they put covenants and restrict the market to rent by room just to ensure they can rent their rentals that is a sort of monopolistic behavior and should not be legal.

They can guide you on tax advantages, asset protection, and multi-state strategies.A HELOC is a smart way to leverage your equity—ensure your financing structure aligns with your long-term goals.Since you plan to add multiple properties annually, consider setting up bookkeeping and financial tracking systems early to streamline your operations.Best of luck with your BRRRR journey—it sounds like you’re off to a strong start!

Unless it's rapidly appreciating it doesn't sound like a suitable rental anyway if you have to come out of pocket that much. 

Sounds like you have a solid agent for checking on that

Imagine turning your investment into a personal getaway when it’s not booked—sounds way better than a condo-hotel in Vegas, right?

Does this sound about right to you? 

Whatever you decide, it sounds like you're in a great spot and I wish you the best of luck! 

I look forward to engaging and learning a lot from this community.God Bless! 

It sounds like you will be a successful owner which is amazing! 

& track my job costs against each category so I can compare my budget vs actuals and calculate the variances.For example:Electrical Budget: $4,000Electrical Actual: $6,300Variance: +$2,300This process is more tedious because you have to breakdown each invoice or receipt and allocate the costs to each Category, but it really helps you understand where you are spending your money and why you went over budget.Otherwise, it sounds like you are having trouble measuring employee productivity?