It’s true that while the 10% down payment for a second home sounds appealing, the fact that rate adjustments are now similar makes the distinction less about cost and more about strategy.A few years ago, I helped a couple in San Diego navigate this exact decision.

While appealing in theory, the reality is different.More units do not result in increased income reliability.

They are lawyers so can appeal through the whole process essentially for free.

I own a 3 apartment income property (almost paid off) and I wanted to ask you for some advice regarding acquiring more properties like this. would you suggest selling the income property and use the profits to acquire more properties or keep it and finance any new property with a new loan. what is more appealing to banks?

During the renovation phase, adhere strictly to the scope of work and budget, conducting regular walkthroughs to monitor progress and ensure quality.As the project nears completion, prepare for sale by staging the property to highlight its best features and create buyer appeal.

Definitely what I was thinking and sounds like it can be done. 5.25-% rate on a 1.2$ house is definitely more appealing and opens doors up as opposed to 6.7+ rates.  

Enhancing the property's curb appeal and ensuring well-organized financial records contribute to a successful sale.

@Jewell ArceneauxFrom my experience, focusing on impactful upgrades like kitchens, bathrooms, flooring, and curb appeal yields the best results.

It'd definitely support your rental business if you have an aesthetically pleasing property.

HOWEVER, it's primary appeal is affordability rather than being a great or cool place to live.