I'm out of Fairmont MN also, been building a portfolio of apartment buildings in the area.

I currently own one home in NY as LTR, one STR in SWFL but am looking to expand my portfolio.

As you grow your portfolio, they can help you secure additional funding, refinance existing loans, and adapt to changing market conditions.Financing doesn’t have to be a roadblock to your real estate dreams.

Having a diversified portfolio is one of my end goals.

Placed another 8 unit portfolio under contract in early March, unfortunately contract expired on April 23rd, couldn't secure favorable loan terms that wouldn't allow portfolio to meet cash flow numbers because banks changed lending practices due to Coronavirus pandemic.

Sometimes larger portfolios for sale will have owner financing terms a seller is willing to accept (always negotiable). 

My wife and I have a portfolio of senior living homes and communities.

I view it as a tool in a toolbox to help you "trim the fat" off the bottom of your portfolio, so you can keep growing with new acquisitions. 

That may not apply to you, as a financial professional, but I thought I would share the story.Obiously you could re-lever your portfolio to bring the ROE back up, but then you have to place those borrowed funds somewhere that nets a high enough return that the portfolio is ahead, given the drag of the interest and any transaction fees.    

I built a portfolio of 250 units (80 Single family, 30 in multifamily, a commercial building, and 100 in mobile home parks) with a partner.