Quote from @Dan Liston: Last week I finished foreclosing on four properties. 

While at BPCON last year I connected with an investor and agent in your area.

Hi - I have started buying LTR's in the last few years.

The last year we increased 5% points in occupancy.Our Marketing spend:                               2024                         2023SEO                       $18,000                 $21,000  Paying to get our website and location occupancy up as fast as possible from 0% to ??

Except the last three years I have been in Brazil I got a rent to own that may not end in my favor.  

Additionally, while rates aren't historically bad right now, they are higher than 4-5 years ago, and they will be even higher for you as an investor than they were as an owner occupant, which is what you were when you bought originally.I get that you are anxious to add to your portfolio, but that could be achieved without touching your first golden goose.Sometimes on BP, the push is to leverage every last spare penny, but that can be a risky game as the markets shift. 

I went back to Memphis last year for the first time in six years to find all is as advertised with very minor exceptions.We have picture inspections done every four months, cost $75, because I'm a trust but verify guy.Good people, good service.   

While I am not in San Diego, I spent some time out there last summer (Ocean Beach) and loved it!

If you end up moving in that direction and putting all the dominos in place, the last thing you want is to get towards the end and have the deal denied because of that.Unfortunately, most GAP funders keep regional to markets and people that they know and they keep them close to the chest.

Lastly, build relationships with cash buyers and hard money lenders early on—they’ll be key to closing deals quickly.