Just last night I was having a hard time finding rent data on a smaller market and Googled *town name, apartments for rent, and got a few listings that weren’t on the main sites.

. - Usage-Based: I've mainly seen hardware solutions here like plug sensors and electrical sensors.

BUT when the market in high appreciation areas like San Francisco and NYC tanked, mainly due to work from home and high interest rate, I sold my lesser locations in 2021/early 2022 (still a market high, even in my market San Francisco) and kept the best locations debt free.I could easily leverage again now, but I don’t think we’re going to have the strong appreciation runs that we have had since the mid 1990s.

The fact that there's only 2 meters on property is a huge hint that the third unit may not be legal or may be a legal non-conforming use.My guess is the property has a main house and an ADU that was once a shed or a barn in the back.

I was thinking about putting of the sign since there are traffic in a main road. which is very close to my property.By the way, the vanancy rate is 15%, which is a lot of nice apartments in the area are having hard time to rent out.

Hey @Jason Thompson - I'm guessing the deals you're finding are mainly residential? 

I'd love to connect sometime, I live in Phoenix and work with mainly fix and flippers.

I'm based in Seattle but have scaled my portfolio to 10 doors across mainly Memphis and Detroit.

Whats the issues on the refis, mainly cash flow? 

If you decide to go with it, understand that you're taking some risk.And, speaking of risk, the main risk is the IRS focusing on this strategy at some point and identifying it among "abusive tax strategies" as they did, for example, with notorious conservation easements.