Your Network = Your Net-worth"Been watching Evernest's video's and they share a ton on "everything and anything" property management related so that's been a blessing.Biggest take away when it comes to scaling a PM is to spread the word about what you're looking at doing and to build relationships.Local real estate events, NARPM, IMN, etc...You want everyone to think of you if they are looking at selling or if they know of anyone looking at selling.I use to be "loud and proud" and a huge extrovert but I guess "old age" has got me hahaI prefer drinking coffee and smoking a cigar behind closed doors.But, I guess I'll have to start "shaking hands" and "kissing babies" like a president when it comes to networking again lolMaybe even do a few video's while not wearing any pants heheBig hat's down to Matthew Whitaker for scaling the business so much.I remember spending some time together in Birmingham when he had a decent sized operation of around 1,200 units or so.Now they are 16,000+ 👏HUGE...We initially met as I was interested in selling our property management company in Toledo and now we are looking at acquiring others heheTime flies, things change and life is funny.Thanks everyone for your contribution and wishing you much success

I would like to sell these properties to acquire a larger building, perhaps a 4-unit or larger (maybe commercial), priced around $1M to $1.2M.

If you’re done acquiring more property you could pay extra on the smallest balance to eliminate loans or the highest rates to save the most money. 

This strategic foresight in acquiring and controlling prime locations demonstrates the power of real estate as a fundamental asset class, offering lessons on location selection, long-term value creation, and the integration of real estate into broader business models.

The homeowners they acquire equity from are primarily using the cash for home improvements.

Most of the info you need can be acquired for free.

Acquired the property for 1.6m + 200k (financed) rehab budget with DSCR ARV of $3.1m. 

I recognize comparing ratios of LTR and STR is comparing apples to oranges, but a property that was purchased for $375K had STR rent in 2019 of ~$160K (no matter that it is an apples to oranges comparison, the numbers make it clear this was a homerun purchase).Learn your options on how to acquire RE in CA for little out of pocket.BTW my initial protege I believe started in 2015. 

The part of foreclosure that we tend to overlook is the fact that second position has the right to payoff/acquire the first and takeover the property.** (How so?)    

Also I'm planning to partner up with friends to acquire more rental properties.