Having a rental property in Virginia Beach already is a fantastic start, and your focus on BRRRRs, flips, and multifamily properties shows you’re ready to scale.OKC is an excellent market to consider—it’s affordable, has strong rental demand, and offers great BRRRR potential.

If you’re considering other custodians, I recommend focusing on those with a strong reputation for consistent customer service, transparent fees, and ease of account management.

It’s unnecessary and potentially problematic to add the ex-partner to the title before the sale.

I used to work for his old business partner Conner Bland!

This approach helps maintain strong relationships with tenants and avoids disputes.Hope this helps!

Vet your contractors and engage partners if you don't have the experience for the job.

Landlords who adapted quickly by recalculating rent strategies and communicating openly with tenants maintained strong relationships and minimized financial disruptions.5.

Best of Both Worlds: Rent Now, Sell LaterOne approach would be to rent the property for a few years, taking advantage of the strong rental market, then sell it down the road when they’re ready to cash out or if they see the market peak.

Quote from @Christopher Lynch: This is a solid start for the capital partners willing to do the 100% fin and then 50% on the profits.

There can be specific issues that can cause the distribution to be taxable related to partners having enough basis / debt basis to distribute the proceeds.