Hey everybody We own 8 rentals in Philly, we are looking to pull some cash out or get a HELOC in order to continue scaling.

Insurance typically covers only the directly damaged area, not undamaged flooring, even if it's continuous.

If you would like to continue to operate as a short term rental, you will need to submit a new STR application for this property and must go to the Board of Adjustment and be granted a special exception for staff to approve this request for a Type 2 STR Permit.The Board of Adjustment consists of eleven (11) members; you will have to get a concurring vote from nine (9) out of eleven (11) members in order to be granted the special exception.

I am looking to connect with the investors there as the promotors are continuing to take Asset Management fees to the tune of $450K a year (on top of PM fees) even when their payout to the investors is around $20K a quarter (not meeting preferred) and the overall fund is negative about $450K.

I continue to see new platforms promise ease of use, lightning-fast approvals, and streamlined processes.

Are you looking to continue doing the BRRR method or branching out? 

Leverage equity, explore house hacking, and continue learning through books, podcasts, and local networking to refine your strategy.

Start small with manageable deals, educate yourself continuously, and build a strong network and team to support your growth.

Congratulations to your continued success.That said we would like some guidance on crafting a contract where we would partner with contractor to go in on a flip together. 

Talk to a CPA to see how each scenario plays out.A 401K continues to grow in value, but what do you live on?