Since you and your wife have renovation skills, targeting properties that need minor improvements can maximize your return on investment while minimizing the time and cost associated with major renovations.

Success often comes from picking properties with strong chances for rent income or those that can be improved in value.

Moving to a portfolio model—where a pod (1 PM + 2 VAs) manages all aspects of 200+ units—streamlined operations and improved accountability.

I am optimistic that things might improve with this change, but I would not pay again just to find out.

The short answer is I look for 9% min and try to press it to 11% with those strategies along with rental increases once improvements are made and the tenants know you actually care about the property.

If interest rates settle down and rents improve I may try the Long term route.   

Another thing to do is to take that extra cash flow and put it into cap ex that improves the value of the property.

Hi Carter,Great job leveraging your FHA loan to acquire and improve your 4-plex.

We've lived in over 10 homes while raising our 3 children that we improved and sold.

I did see it and scheduled the sprinkler installation but heard they are now requiring additional improvements that weren't originally discussed like multiple egresses, changes to pool room doors etc.