It hasn't sold yet, but for the sake of this post, let's just say it will sell for $185k.It is now roughly 9 months after purchase and I have increased the value of the home from $115k to $185k.

The best way to scale up is to sell any SFHs and purchase multi units(5+ units value driven by cap rates).You could continue buying SFHs but that will only increase your work load and risk. 

And, if 60% of the units have been updated, you need a CapEx plan to address the other 40% to increase rents.  

Most places have a shortage of construction labor, which has increased the cost, but your area may not be affected.

Just heard on NPR interviewing Ali Velshia) Surplus of apartments in NYCb) Pullback of foreign investorsc) 5% price decline avg sales price, 17% decline in salesd) Increase in inventory discuss?

Hi everyone, I recently acquired a few multi family properties with section 8 tenants and as far as I can tell, the last landlord did not increase rent in over 5 years.

I also recommend finding a mentor to keep you focused, accountable to your commitment, on track and help you increase your learning curve and shorten your timeline to success.

Increasing the NOI is the way to increase value.

Depends on the unit and the tenant, but generally for our better tenants we just allow them to go month to month, with or without an increase depending on what the market is doing and whether we want to keep that tenant or not.

I'm very interested in using a 203K FHA loan for financing the purchase, and rehab of a property that I would move into... and drive up the equity... eventually leveraging the increased equity to refinance & invest forward... or outright sell and invest forward.Is it possible to find a deal that matches my house hunting criteria from a wholesaler, and use a 203K loan to do the purchase?