Then rent the bigger home out using a property manager, allowing her to possibly cash flow and maintain that asset and let it continue to grow in value.Encourage her to consult with a CPA or tax attorney to explore the best strategy tailored to her situation.

.- Management from the company that was involved in the rehab and knows the property will be managing the property for continuity and accountability.- That management company has vetted possible tenants through their professional screening process and have selected the most qualified tenant for the property.- The management company offers a hands-off approach including coordinating and managing repairs, getting the property rent ready after a move out and placing a tenant from a pool of applicants that may be waiting for a property to be ready.

Both my buddy and I have continued building here.  

It has grown to become a top 4 MSA in the nation and is continuing to grow with a number of fortune 500 companies moving their headquarters to the area.

Wishing you continued growth and accomplishments!! 

Are you looking to continue doing the BRRR method or branching out? 

So, he already had people & processes in place when he moved back to California and continued to DIY manage his rentals.- It's also interesting that he doesn't want to DIY manage anymore.

There is steady supply of renters, "guaranteed" rent and the organization wants to continue to partner.

It can make leasing a bit harder since you will have more vacancy when those come do but it will all be in peak season.With respect to the hiring decision, you would need to hire someone to replace you (perform the same functions you currently perform) so that you continue to work up the ladder (spending more time on higher value tasks).  

First step for you is to study investing in income properties.Generally a rental property will have in the range of 4% -50% of rental income going toward expenses to maintain the investment before debt repayment (mortgage).