How good of a deal would be needed to make this strategy work? 

Look into local tax incentives and financing options, and reach out to local real estate groups or mentors to better understand the market.Good luck!

Good Morning BP,I bought my first house last year in Suffolk, Virginia just to get started in the real estate game. It is a remodeled 2/br 1.5 bath, 832 sq. ft.. My intent was to move within a year and rent it out, bu...

We make it easy to get started.Feel free to reach out with any questions!

What investing strategy are you most interested in? 

Consider consulting a real estate attorney or CPA to determine the best strategy based on tax efficiency, future sale plans, and estate considerations.

Reach out to a LOCAL property manager that knows the rental market BEFORE you go under contract! 

When we moved, we turned it into a rental, hoping this would be the start of our real estate journey—something we’d like to continue once my husband retires.Some key details:My husband is active duty and will retire in 3 years.We have one final move coming up this summer to Raleigh, NC.Our current debts are crippling us—the high interest makes it tough to stay afloat every month.The plan me and my husband are thinking bout:Sell the rental property.Use the proceeds to pay off all our debts, set aside emergency funds and a down payment for our next home.Free up $1,500/month from debt payments, and that also can stash in a high-yield savings account.Regain full VA loan entitlement, allowing us to purchase a multifamily home and use the house hacking strategy for up coming move.Avoid capital gains tax, since April marks five years of ownership, and the tenant’s lease ends in May.This wasn’t our original plan, and we hate the idea of using our equity to pay off debt.

If I believe I can generate enough profit this year and navigate any potential inspections next year, I’d be comfortable moving forward—using the income earned to cover any necessary upgrades.An alternative exit strategy is to document the financial performance and sell the property as-is, highlighting its strong short-term rental income.Think through your next five moves, from best to worst-case scenarios, and make a decision that aligns with your goals. 

There are many here on BP as well as many on Linkedin that you could reach out to and they all have forms to fill out for deal specific information.I think trying to walk into offices will not be best use of time.