California owners, should we increase our coverage, which should result in higher premiums?  

Also keep in mind as time goes on typically your yield will increase because of the rent growth. 

You forget that I also said not to build in places too difficult to defend.

the key to a BRRRR, whether it's going to be an STR or LTR, is this:distress.you need to find a significantly distressed property, such that you can increase the ARV via the rehab. 

Slightly increased the offer to quickly go under contract, but still had inspections and everything done before completing the deal.

Hello everyone, I am reaching out to the BP Community for suggestions.My Portfolio100% owner of 7 SFH PropertiesGP in about 30 SFH properties(of which I own somewhere between 25% to 50%)All but two properties are managed by a PM CompanyNet worth of the above is about $2,000,000 - $2,500,000My IssuesI have many SFH's - Which take up time(Currently spending time paying property tax and insurance, requesting quotes on insurance policies and overseeing the PM Company(approve rent increases, approve renovation projects, etc).They also take up head-space(having to remember property addresses, remembering when property taxes are due)(I have reminders/systems but something I would like to reduce)Goals1) Spend less time on Real Estate2) Free up head-space2) Make $240,000 annually from real estate(Which I think is not to hard if I can increase my net worth and can get an 8% return)Possible Solutions1) Sell all the SFH's and buy 4-Unit Properties to take advantage of conventional financing2) Sell all the SFH's and buy one large apartment complex3) Sell al the SFH's and invest in syndications4) Sell all the SFH's and purchase stock / bonds5) Continue to hold all the SFH's6) Any other suggestionsOther Considations1) Should I consider private notes?

Home price appreciation is still trending up, but cashflowing rentals are difficult to find for the most part.

There doesn’t seem to be a lot of great deals where I am since land has increased in value so much in the last few years.

When things are difficult in 2024, you buy less, but you are still looking.I like the analogy of a runner.

The shorter the prepayment term has an impact on increasing the rate.4.