Your best and most efficient option would be a DSCR cashout refinance, more than likely.

Sounds like you're on the right track for areas to find deals.

I could help a bit in Sanford and Deltona areas if you like.

This is why we network with other real estate investors - kind of like what you are doing here!

Additionally, high-income earners with modified adjusted gross income (MAGI) over $250,000 (married filing jointly) may be subject to the 3.8% Net Investment Income Tax (NIIT).For 2025, bonus depreciation is at 40%, so consider leveraging it for eligible property assets like appliances or fixtures to accelerate deductions.

We have done a ton of research about phoenix and it seems like a good area as the unemployment rate is low and population is increasing.

It comes down to factors like your area, your market, your experience, the team you can draw from and how mush you need to make to support the investment of time and capital. 

I'm sure some people like to see a Forum comment and add discussion value, that way they are part of the discussion. 

Not to mention staff, I’d check on the number required to stay up to ratio throughout the day, night ratio is likely lower than day ratio.

(@Jonathan Greene DM us if you'd like to chat about them)Regarding turnkey in Metro Detroit, haven't seen anyone do it the right way:( We've picked up dozens of their clients that fire them due to poor tenant performance and nonstop repairs on their "turnkey" properties.