What would be my best route to take if we need additional finances?

I pull permits for removal of load bearing walls, addition of bathrooms or bedrooms, addition of footage.

Quote from @Eric Huntermark: Additionally, as I'm thinking about conventional loan products as well.

I have seen all sides of this equation, self managing my own properties locally, but moved with the Navy 1000 miles away and managed the same rentals from afar, and had friends here in Memphis that had 18 properties and had them all with PMs with varying levels of success, some bad and some great.Self-managing brings about an additional level of responsibility that most of the time is fine, but that is not what you hire a PM for.

Part of considering acquiring a property should include additional possibilities.

Here's an article with additional FAQs on cost segregation studies that you may find helpful.

Recapture typically happens only when you sell the property.If you use the property partly for personal use and partly as a rental in a given year, depreciation and other expenses must be prorated based on the number of days it was rented versus personal useBased on the current tax laws and regulations, once you've taken bonus depreciation on an asset, you cannot "capture" additional bonus depreciation on that same asset in future years, even if the rates increase.In the 2024 tax year, the rate for bonus depreciation is 60%.

Additionally, I am also open to the Tobyhanna and Strausberg area as well.

Additionally, I wanted to begin using properties to pull equity to go towards buying more.

Agreed - plus two additional thoughts:1) I always recommend having your CPA also review the drafted operating agreement for the tax issues.