I think having a balanced budget would be ideal where you allocate money into buying another property and money set aside for renovations.

Hey Natalie if you're set on holding onto the property I have a great property manager I use for my STR's that also will cover MTR and LTR's.

I currently work in the turnkey investment world helping investors create a real estate portfolio, if you are ever interested in trading different strategies and goals, I'd love to connect! 

My philosophy is to take the minimum risk needed to achieve my lifestyle goals.

I’d love to hear about your goals and what you’re hoping to achieve here.

Next Steps: Find lenders, network for private money, explore seller financing, and set up gap funding.

My goal for this post is more about getting advice/insight from people who have already done it.

A quick call with a local attorney can set the record straight and help you navigate this without drama.

They will also be able to claw back mistakes)Bank statements (To prove the amount of business you average monthly, to set your ACH limits)These are all going to be required from any PMC software provider that allows you to directly access these services.

I would suggest making sure that you are following a set format/style of house each time you flip to systemize it more2.