I’ve focused mainly on Florida but have also looked at options in Sacramento and other slightly more remote locations in CA.While I’m familiar with value-add strategies (ADUs, renovations or storage rentals), these seem like heavy lifts for modest gains.

In Philadelphia where I am located the going rate for this service is 1 month's rent.

And location makes a huge difference. in Markets that dont move much in value then door count can be critical but in markets where prices may have 2X to 3X over the last say 15 years door counts are not as critical to net worth .

The dirt and location is where the money is at and not the property itself.

With 4 properties in different location, you have 4 time more chance of RE appreciation.To maximize returns, leverage tax benefits like depreciation, mortgage interest deductions, or cost segregation while considering your ability to handle management demands and market fluctuations.

Thats kind of the beauty of thes exchanges.. you get to reposition your capital, ideally in a property that ticks more of the boxes you need.Now, thinking about older buildings.. some folks underestimate how well older properties can hold up if they’re in a good location.

You don't say where you are located so I say start close to home and work from there. 

This is located in Pennsylvania.Thanks in advance for your help, and have a Blessed Christmas!

I know people that do great with $150k homes but also $650k homes each with different strategies but I do believe in the Golden Rule, location x 3. 

Hi @Andre GalavizLuckily you came to the right location for that kind of question!