In exchange, I'm thinking that she would collect all the cash flow and potential equity until I refinance and get the loan originated in my name...

Update: The technician came by today, and it will be necessary to cut a portion of the ceiling to access the pipes in order to pinpoint the origin of the leak.

The opportunities to utilize enhancement techniques don’t occur often, but when they do they offer a great opportunity for increased wealth.I never specifically look for deals where I can use enhancement techniques, I just recognize an opportunity to utilize one or more during the course of investing.These are not techniques I originated.

Can't wait to hear Josh's origin story!

Very old, so to rebuild with exact materials exceeded the maximum on the original residential policy I had in place with Andover after their inspection. 

In October of last year I moved out of my home of 15 years in Austin and converted it into a rental property.I originally paid $143k for the home, it's worth roughly $368k today. 

Here’s the plan I’ve come up with, and I’d love to hear your thoughts on its feasibility, potential risks, and any improvements you might suggest.The Plan1.Pay Off Mortgage: I currently have $170K left on my mortgage, and my goal is to aggressively pay it off in the next 1.5 years.2.Establish Emergency Fund: Before making any big moves, I’ll set aside 6-12 months’ worth of expenses as an emergency fund.3.Extract Equity: Once the mortgage is paid off, I’ll pull out the equity from the property.4.First Flip: Using the extracted equity, I’ll purchase another house, fix it up, and sell it for a profit.5.Reinvest Flip Profits: Instead of buying another property immediately, I’ll use the profits from the flip to renovate the original property, aiming to increase its rental income and appraisal value.6.Reappraise and Extract Equity Again: After renovating, I’ll get the original property reappraised and extract additional equity based on its increased value.7.Purchase Rental Properties: With the additional equity, I’ll start purchasing rental properties that offer positive cash flow and have growth potential.8.Leverage Equity Strategically: I’ll use equity from the original property and any new properties while maintaining a healthy loan-to-value ratio (LTV), ideally around 70-75%.9.Build Rental Portfolio: I’ll focus on acquiring a mix of property types (e.g., single-family homes, multi-family units) to diversify my investments.10.Focus on Cash Flow: I’ll prioritize properties that generate consistent positive cash flow, ensuring that rental income covers all expenses, including mortgage payments, maintenance, and management fees.11.Long-Term Hold: I’ll hold properties long-term to benefit from appreciation and tax advantages.

It had three layers of shingles on top of original cedar shake.

I cleaned it up, took pictures, posted it for sale, fully expecting to use Section 121, as recommended all over this forum, instead of doing a Section 1031 exchange, which I had originally planned to do before asking about the Section 121 law on this forum!!

Originally posted by @Nathan G.