I’ve had a handful of STR property owners that are looking to sell. 13 units in total. Playing with the idea of syndication or private capital raise, but don’t even know where to begin. All advice is welcome. 

Hello BP! 
I am trying to plan the future for myself and would like to "diversify" by investing in a smaller market that has decent appreciation and decent cash flow (Northampton County PA).
 I currently own one duple...

Property amenities include a secured lobby with telephone entry, central elevator, trash chutes, two stairwells, expansive landscaped grounds with fruit trees, 73 surface parking spaces, and a quiet residential setting.

Ask me privately.Financial Highlights- Gross Potential Rent: $98,061 per month ($1,176,732 annually)- Total Income (5/1/2023-4/30/2024): $1,357,459.80- Net Operating Income: $896,896.09- Existing assumable loan: $6.7M at 5.38% fixed rate until 2029Value-Add Opportunity- Partially renovated property with potential for further upgrades- Current loss-to-lease suggests room for rent growth- Opportunity to implement operational efficienciesMarket Dynamics- Huntsville's population grew 9.4% between 2020 and 2023- Strong job growth, particularly in aerospace and defense sectors- Significant multifamily supply growth (15.9% inventory expansion in past year)Investment Strategy- Assume existing favorable financing- Implement value-add renovations to drive rent growth- Capitalize on Huntsville's robust economic expansion- Target hold period: 3-5 years to align with loan maturityRisks and Considerations- High market-wide vacancy rate (17%) due to recent supply growth- Potential for market softening due to rapid inventory expansion- Property age may require significant capital expendituresThis opportunity offers a blend of stable cash flow from the existing operations and upside potential through strategic improvements, all underpinned by Huntsville’s strong economic fundamentals.ⓘ This is not an offer, solicitation of an offer, to buy or sell securities.

I was playing with the idea of selling my condo, taking 300k of the equity to put a down payment towards a house listed at 660k.I'm assuming the reno will run $300/sqft and going in with the assumption that phase 1 will run 750k (figure the expansion of the house will have to wait) for the gut reno.I assume/hope (but definitely not banking on) that I will be able to refi in 2-3 years at a lower interest rate; if not for a lower rate.This will likely be a family home for the next 5-10 years at LEAST so investment value isn't quite at top of mind ATM.Questions:Even if it's not for lower interest rate, do you feel it's advisable to refi to remove the 203 loan in the future?

I'm glad to hear the BRRRR strategy is alive and kicking as that what I'm currently trying to do!

The expansive backyard includes a sparkling pool and large green area, ideal for gatherings.

I would connect with an experience Commecial loan broker you should have some expansive options here. 

I had a buddy who bought into a small Midwest town right after a massive factory expansion seemed like a sure bet.

The expansive backyard is an entertainer's paradise, boasting a sparkling pool and a large green grass area ideal for outdoor gatherings and family fun.