.- If you build a good/great portfolio, you will have multiple exit options you can evaluate annually or whenever.3) Don't overleverage beyond your risk tolerence.

If so, self-managing properties might not be the best use of your time - In any case, I'd encourage you to talk to multiple local property management companies, keep the above in mind, and understand how they approach management.In my experience, property management isn’t just about finding the right tenant or collecting rent—especially in a tenant-friendly state like Rhode Island.

This might give a one-time (non-scalable) boost to cash flow, offer multiple value-add options, and allow the house-hacker peace of mind, via the assumed mortgage, in long-term breakeven or positive cash flow in the event that the value-add plans end up not being executed, and/or the person has to move out, and rent by the room or STR become unavailable for some reason at a future date.

Assuming that's true, I would recommend looking for a replacement property (or properties - you can purchase multiple in the exchange) with value of at least $725K (selling price).  

Comparing workload, a multi-unit property will still require showings, maintenance etc for multiple units.

I've even paid for a subscription to have limitless access to all articles on multiple of these websites.

Typically a solid GP would reach at a 2x multiple in 5 years, taking your 500k to 1MM.

Recommend multiple payments.

Typically, the same applies to LLCs where you and your spouse are sole members (single or multiple member LLC).

During 2022 I had multiple meetings with one of their CPA advisors and gave them access to QuickBooks and Payroll platforms.