I bought on a discount to gain equity day one.

They’re a valuable resource for navigating local rules and can help you avoid costly legal issues.

Wholesaling might work if you find the right buyer who sees the long-term rental potential, but you're not likely to see significant gains quickly with the numbers you’ve shared.Given that you're cash-flowing well and have a stable tenant through August 2025, holding the property while pulling out equity to pursue other deals sounds like a strong move.

And if your appreciation is 4% a year, that would be a gain of another 7,600 a year. 

So, identifying the low hanging fruit identifies the most gainful improvements you can make. 4.

Since you and your wife lived in the condo until September 2021, you can sell it and potentially exclude up to $500,000 in capital gains (as a couple) if sold before September 2024.

probably have to type the url in seperatly.. but you will see on our front page the White farm house black trim and very nice landscaping that Steve is mentioning.. its the hot ticket today. at least in our market.. its the Joanna Gaines effect

We estimate that the property is nownworth $950,000 to $1,050,000 (based on comps) - we gained approx $500,000 in equity by converting this into a commercial property!

Gain two years of experience managing a rental.

While I’m just starting out and don’t have a portfolio yet, I’m committed to making my first investment in 2025.I joined BiggerPockets to gain the education, insights, and support needed to confidently make that leap.