While it’s possible the machines could keep on chugging for years to come, I always like to take the conservative approach.

While I appreciate that & don't want to push them out, they are well below market rate & the unit is a disgusting mess, approaching hoarder status.

I want to refi and pull some of that equity out ($200-$250k) so I can keep growing my portfolio but I'm not sure how to approach it as it would obliterate the cash flow I currently have, and in the current market I won't be able to make up for it with additional properties as they would also have minimal cash flow.

This approach ensures that we have the ability to appropriately maintain a community, ensuring its long-term viability.

I’d love to hear more about how you approach finding these under-$2M properties and what strategies you’re implementing for operations optimization.

Just approach everyone with your business potential and they’ll typically help you out.

The guy is genuine in his approach and really does help people get across the goal line.

Spending $1,000 to start the process can be worthwhile if you’re clear on the steps needed to reach that point.As for renovations, the approach really depends on your goals and the scale of the work.

How would you approach this?

Exploring other options like Appfolio or Apartments.com which might offer the balance of support and functionality you need, is a sensible approach.