That would be called the BRRRR strategy - there is endless info on that strategy here and on the podcasts and in the BP bookstore.

They can offer tailored strategies to help manage your rentals and carpentry business effectively.

Switch gears on your REI strategy.  

Hey Drew, It sounds like you’ve got a solid strategy in motion.

Any insight anyone has into which one of these strategies would be better than the other as well as other pros and cons would be very helpful!

I've found too many CRE owners overpay in a hot sellers market (much of the U.S. ) with a 1031 exchange + take on too much debt, since this is what they are used to and maybe the only strategy they know.

It wasn’t how I wanted to kick things off, but I worked with a contractor to get the bathroom fixed and functional.Once that was behind me, I focused on improving the building and maximizing income:I installed a shared washer and dryer for the tenants, a major upgrade that added convenience and increased the property’s value.I rented out the two garage parking spaces, bringing in consistent revenue.I also raised rents for the second- and third-floor tenants I inherited to be just below market-rate.

One of my rentals always rents quickly, consistently performing well in terms of tenant demand.2.

Whether you're interested in residential properties, commercial spaces, or real estate investment trusts (REITs), there are various strategies and approaches to consider.Real estate investing also involves understanding market trends, economic indicators, and demographic shifts.

If you consistently analyze properties, recognizing a good deal will be much easier when it shows up.