Transforming SFHs into multi-units and targeting 2-4 units for value-add potential is a smart way to build your portfolio, especially if your goal is to qualify for larger loans down the line.If you're aiming to hit the 5-unit mark and unlock better financing options, here's something to consider:Leveraging BRRRR Strategy: You’re already thinking about the refi route, which is key.

The better question is "how do I try to get the most bang for my buck" to achieve the highest ARV.

CHA even pays more for "targeted" areas. 

My background is in Military and IT, but I’ve recently shifted my focus toward achieving time and financial freedom through real estate.

By making targeted upgrades and ensuring the property was well-maintained, I was able to enhance its appeal to prospective tenants, thereby increasing occupancy rates and rental income.

Despite needing updates, the property presented an excellent opportunity to add value through targeted renovations.

It's not going to come easy, but if you have the right group of people with experience and net worth, it's very achievable.

The low purchase price of $93,000, combined with the possibility of adding value through targeted renovations, made it an attractive investment opportunity.

Buy the rock solid rental and get your appreciation, cash flow, depreciation, principal pay down, equity capture on a discounted by and forced appreciation gain for a well targeted rehab.  

The cap rates are only around 5-6%, which I’m already achieving with high-yield savings accounts—without the hassle of property management.I’m wondering if it’s worth pursuing the condo in Hallandale Beach or if I should consider investing out of state.