With hardwork and ceasing opportunities we've managed to be part of this major asset and making it even better.

It’s a great way to add value to a property without putting a ton of money upfront, and it can set you up for financial success in the long run.Has anyone else done a similar renovation project or used a gift of equity in their deals?

I think the testimony of many on this web site would indicate there is great financial benefit from taking either of those approaches.

The developers pushing agents to sell one of their townhouses as a STR really inflated the asset cost cause they were pricing it on a revenue structure, not asset.

With hardwork and ceasing opportunities we've managed to be part of this major asset and making it even better.

Based on the info in your post, my recommendation would be to turn these assets into well oiled machines and max out their NOI.

Prioritize your financial stability.

My husband and I have personally flipped, built, and own rental properties, so we understand firsthand how critical it is to not only maintain good tenant relationships but also to protect and enhance the value of your asset.

Bottom line, you have to decide how badly you want to own the place, and how much financial cushion you have, and how much risk you are willing to take. 

Multifamily rentals are a great way to achieve financial freedom, and it sounds like you’re on the right path.My advice?