OP I think you’re in a great geographic spot and potential REI strategy potential.1.  

Many programs start with something tangible—a product, tool, or strategy.

You might make it work if you can find a way to increase cash flow aside from the basic long term rental strategy. 

I’ll break down my thoughts on your current strategy and then toss in an alternative idea for you to chew on, since you’re open to almost anything.Your Current Plan: You’re in a strong position with that $1.4M paid-off student rental and the second one carrying the mortgage and living costs—that’s a fantastic cash flow engine.

If I were in your shoes, I’d look at the BRRRR strategy (Buy, Rehab, Rent, Refinance, Repeat) to stretch your liquidity while building equity and cash flow.

Here's what I did:Kitchens: Painted cabinets, updated hardware, added efficient appliances.Bathrooms: Installed modern fixtures, used neutral paint.Exterior: Applied fresh paint, improved siding, enhanced landscaping.Results: Property value rose by 100%What budget-friendly strategies have you used?

Impressive investment strategy you've been pulling off! 

Also, their lease literally expires in less than a month.

Hi Melissa,It sounds like you’re putting in some great thought and research into your investment strategy!

Several investors that have bought from me have used that exact strategy.