Just keep in mind that it's not all about rate and fees - there is a considerable knowledge and expertise component that should be considered as well.

However, keeping the property and borrowing against the equity (via a cash-out refi or HELOC) allows you to maintain your tenant and rental income while leveraging the equity to expand.Key considerations:1031 Exchange: Great for avoiding capital gains taxes, but make sure the new property offers better returns or diversification to justify selling.Borrowing Against Equity: Keep the steady Denver appreciation and tenant while using the funds to acquire another property.

That being said, there's no way your tenant will be happy with the increase so you may take that into consideration.

STRs have unique tax considerations, so setting up the right systems early will save you headaches down the road!

I'm normally not one that advocates trigger-happy decisions, but IMO this kind of investing needs solid boots on the ground, and you're out of town.

How do you make sure you have enough funds to pull the trigger on a deal?

Originally posted by @Mehul Parekh:Still haven't decided if I will pull the trigger with CM, yet.

Portland has gone a step further, imposing requirements almost guaranteed to trigger unintended violations.

For the reasons stated above, it made sense not to advertise the loft as a bedroom because there's no door and considerably less privacy (we do have egress via large windows).

HELOCs let you access equity as needed, keeping costs low unless you use the funds.Key considerations: If you plan to scale quickly, the HELOC might provide the liquidity you need for faster moves.