@Mickey Petersen I would 1031 exchange into a larger better cash flowing property or whatever gives you a leg up on your wealth building.

The outcome was a beautifully furnished home in a prime location with a low mortgage that generates consistent cash flow.

The key is to standardize property quality and management systems, which would appeal to buyers seeking scale.If you’re thinking long-term, holding these properties for cash flow while leveraging local appreciation is also a strong play.

Those that own it can be harder to sell as the cash flow from the business will cover the debt service for the business, but not for the real estate.Example: I had a very high-end assisted living facility on the market. 

@Jordyn Ohsnot enough info to helpbut if you're using a HELOC for the down payment AND getting a loan, then you're probably negative cash flow given that's 100% leveragei would never do that unless i were going to refinance in the short term

Assuming your cash flow is there, you could probably support refinancing the portfolio between 60% to 70%.

I recommend considering your cash flow and debt-to-income ratio before making a decision, and consulting with a financial advisor to tailor the choice to your specific needs.Good luck!

If you're open to expanding your search, Columbus OH also has positive cash flowing deals at an affordable price point - $120k-$180k. 

Focus on driving for dollars during free time, and set up automated mail campaigns to keep leads flowing.

Does anyone have advice on best software to use if I can't access the MLS yet? I'm an investor in short term rentals as well as flips. I've looked at Deal Stream, Prop Stream and Deal Machine. Would love anyone who ha...