Kansas City is a really good market for BTR and multifamily investing.

Additionally, while rates aren't historically bad right now, they are higher than 4-5 years ago, and they will be even higher for you as an investor than they were as an owner occupant, which is what you were when you bought originally.I get that you are anxious to add to your portfolio, but that could be achieved without touching your first golden goose.Sometimes on BP, the push is to leverage every last spare penny, but that can be a risky game as the markets shift. 

Our market is somewhat shifting, but it is still showing signs of thriving, with many opportunities for growth. 

This will make it a lot easier to manage, will cost you less than buying on the market and typically you can get 1:1 rent returns.

Local REIA groups and meetups (check Meetup.com or BiggerPockets) are excellent for connecting with both new and experienced investors.I’d be happy to grab coffee and chat about the market or share insights.

Chicago, with its vibrant neighborhoods and strong rental market, is a prime location for this strategy.

For example, you might choose to take a blanket mortgage covering all properties, BUT perhaps the market softens and later you wish to sell a property.

Be careful when you select entity types.A pass-through entity in the United States, such as an LLC, may not hold the same characteristics in Canada.What market are you looking to invest in?

We have created work instructions for every step of the process so we can maintain consistency in how we evaluate properties, communicate with tenants, market our properties, handle rent increases, manage property turnover, etc..... 

I highly recommend investing in a property management software, such as Hospitable, for syncing your calendar, automating messaging, and scheduling cleans, as well as a dynamic pricing tool, such as PriceLabs, for optimizing your pricing based on market demand, local events, and seasonality.