Over time, as you gain more experience and capital, you can consider expanding into multifamily properties once you've built up a solid foundation in real estate investing. 

As you gain more experience in market you will be able to get higher leverage 85% LTC, 90% LTC, 93% LTC, etc

Selling it now vs renting, will give your dad more money and he won't have to worry about renters or cap gains. 

They also are thinking of getting a different PM to manage it after they can gain back control but would like advice on doing so.

The C rentals still cash flow better, but the difference is marginal and honestly not worth the extra headache. 90% of my gains have been through appreciation and forcing equity through value add.

If your portfolio is large enough, 5% is better.Now, some people believe that this diversification reduces the chances for a large gain.  

@Ketch BaysStarting small in a cash-flowing market is a smart way to gain experience and build confidence without overextending yourself financially.

As I'm sure you can imagine, it's been incredibly difficult for even the claims adjustors to gain access to the properties.

Hello, we are just starting out our investment journey. we have one STR property and 1 LT property and I want to gain more knowledge of it. 

@Jason Wray Thank you very much for this response ..I’ve never sold one of my rentals before feels like I’m cutting off a leg and paying close to 100k for cap gains is really starting to eat at me 😵‍💫Any chance you would be so kind as to send me a link to something in the ballpark of what you’re suggesting this way I can get an idea of area and what this type of property could look like!