Hey Don,Sounds like an exciting opportunity!

Looking to hear any ideas, how one would tackle this opportunity or what would you do other than raising rents slowly and sitting on it to refi or wait on appreciation.

Make sure you've got cash reserves for closing costs (around 2-5% of the purchase price, repairs and maintenance (aim for 1-2% of property value annually), vacancy periods (budget for 3-5 months of expenses), property management (if you're not self-managing), emergency funds for unexpected repairs.When choosing markets, look for those with stable job markets, growing population, and strong rental demand.

Anyway I started looking at a different passive income business opportunity with a solid mentorship in place.

When you work a 9-5 job, you typically rely on colleagues assigned to you.As an investor, you have the OPPORTUNITY to assemble your dream team of professionals who share your ambition and can help you achieve your financial goals.

Sacramento is a growing market and there's a lot of need for more meet-ups and opportunities to collaborate and learn from one another. 

Congratulations on seeing a challenging opportunity and going for it. 

Quote from @Li Li: I’m exploring opportunities in Knoxville, TN, for single-family home investments focused on long-term rentals, with a strong emphasis on cash flow.

Quote from @Dee R White: I'm out of debt, don't really plan on using my card much except for emergencies but the recovering spendthrift and the riskier investor sides of me - are curious if I should call the company back and ask for them to raise it back as it might affect my credit score. 

That's what I did and I wouldn't change the strategy.As far as properties, look at opportunities to add more units/bedrooms.