I think one of the biggest risks you face with Cash Out is interest rate risk.It's really difficult to predict where interest rates will be in a 2-5 year time period, so it can also be challenging to model out future mortgage rates.

I was drawn to this investment mainly to test out the new padsplit model.

The market we are in currently is ideal for such but we need the initial capital and assets (rehabbed) to begin execution on the model. 

Many companies only release certain clusters and types of data which can make assumptions riskier and modeling outputs more variable. 

If I was approaching this I'd want chatbot that used the ChatGPT language model but was closed off from the internet and only trained on my data.

Hilarious, down to earth, and sharp guy with a great story and unusual business model! 

A 1031 also adds complexity and timing pressure.Watch Out For:Opportunity Cost: Renovations tie up cash that could go toward other investments or reserves.MTR/STR Management: These models require more time and effort than LTR, even without a property manager.Market Risks: WA properties may appreciate slower than expected, and higher costs could reduce your margins.If cash flow is your priority, option 1 (renovate and STR/MTR) likely offers the highest upside.

And I buy the seller carry back notes for those that want to cash out.I agree with jack Bosch I saw him at a rich dad event and his stuff was very dated.Its not a complicated model you buy low sell for more..

Yes, but that's our whole business model, so it's not terribly surprising to us. :)You're in the right forum to learn about MTRs.

You could swing to a furnished rental if that works for your area even with rental furniture but that is a different model.