I'm an investor myself here in Columbus OH and own a successful rental portfolio.

That may look different next year, but if not, sustainability and morale are more important than a few thousand extra dollars per year.Running a 53 acre ranch in Texas is a WHOLE other level of property management.

We have discussed selling the property and rolling it into a multi-family but again feel like we may be trading a fairly hands off property with good cash flow for one that may be a bit more labor intensive and only yield marginally better performance.Any advice on how to expand our rental portfolio/maximize its performance is greatly appreciated!   

I was doing a lot of legwork and still paying RE agent for the transactions up until got my own license.pros: no commissions in your transactionseasier qualification as real estate professional to offset high W2 of spousecan get access to any house/ easy logisticsmore control in the transactionMLS access with all the information on tip of your fingers, you can move fast with the deallicense knowledge helps to make better decisions and gives broader understanding of the industrycan legally do property management for others, wholesale (many states now making outlaw to do it without license)cons:need to take an exam (it needs preparation and to be good not just barely pass you need to study)fees you pay along the way (MLS, brokerage(I signed with investor-focused on and have a monthly fee and a transaction rate))self-management including taxes and feesneed to relicense + paid education Don't forget the biggest con.

I have a size-able portfolio that is a mix of commercial and residential.

I would rather go into a money market at 5-5.5% with no management and basically no risk, than buying real estate to make 6%.

Consider property management services if you plan to rent out the property, especially if you are an overseas investor.- Contract Details and Terms: Carefully review the sales contract, including all terms and conditions.

I would keep the MFH I purchase and manage OOS. 

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We can manage a contractor, but don't have construction skills ourselves.