Wound up going turnkey.

We initially pursued conventional lenders to do a cash-out refi, but points on investment refinances were brutal at the onset of Covid and we wound up going another routeWe wound up using a commercial lender who would provide a rate/term refinance on the previous balance + closing costs, and then issue a line of credit on up to 80% the remaining equity.Ever since the purchase I expected an ARV of around $210,000......it came in at $255,000! 

I wound up moving to Nashville to make this a part of my strategy for the long term.I'm by no means saying that this needs to be your strategy, but I think that narrowing down what you invest in and where you want to invest will help you build a rental portfolio that will help you achieve your goals.

My atty opinioned that I had a colorable defense but the cost of defending would exceed the amt of the claimed lien so I wound up paying it.

He did a virtual walkthrough of numerous properties, and we wound up closing on this one sight unseen after 4 offers turned down on other properties.

I think it's good to have a solid grasp of both before making decisions involving real estate.For example, here in Sacramento we were hit pretty hard by the housing crash back and recession a decade ago, and those wounds are still healing and have even left permanent scars for most people in this region.  

As for rental properties, my mother owned a rental property in Dorchester around '10 unfortunately wound up getting a bad tenant.

And the cycle repeats over and over and over again.Granted, we don't have all the crazy loan shenanigans going on this time, and people are still licking their wounds from the Big Bubble, so the climb to the top won't be so steep, and the fall to the bottom won't be so dramatic. 

@Brent Shields, we actually wound up getting an equity line on a different park for remodels based on the original appraisal.

Entry-level hiring outside of summer clerkship programs was almost non-existent at the time since firms were still licking their wounds from the recession.