It's competitively priced and the section 8 rent - if you choose to go that route - is very strong.) 

However, given the current home prices and mortgage rates in areas like Natick and Framingham, I’m uncertain if rental income will cover costs like PMI or if these areas offer good potential for appreciation and equity growth.Any suggestions on areas that meet the 1% rent rule or have strong appreciation potential would be greatly appreciated!

In the Reno, NV multifamily market a 5%-6% cap rate is good because of the strong appreciation, job growth, and very limited future inventory.

Analyzing deals and building a strong network are essential for success.

While selling your properties could provide the liquidity you need, you definitely want to consider the tax implications, especially if any of the properties were held for less than 12 months, as those will be taxed at a higher short-term capital gains rate.However, if selling isn’t your only option, I would strongly recommend looking into a cash-out refinance.

Credit and Loan Requirements: Traditional lenders usually require strong credit, significant down payments (20-25%), and a proven track record, which can make it harder for newer investors to secure funding.Could Private Lenders Be the Solution?

It’s worth weighing that against the benefits of accessing that equity for future investments.Since you’re considering DSCR loans, that could be a strong option, especially if you’re focused on rental income covering the mortgage—no personal income or DTI requirements needed not to mention the easy qualificaiton process compared to conventional.

In Jacksonville, the market continues to be strong in 2024, with some cooling off after surging activities of previous years.

Vacancy rates are strongly correlated with property management.

Use this experience to work out the kinks and build a strong boots on the ground team.