Develop a plan to put those resources in place and start executing.

With the appreciation Austin is seeing, there is an opportunity to execute the BRRRR strategy and refinance into a favorable LTV.It is worth noting that during the rent phase cash flowing is difficult here.

If you have the capital to execute on your plan already, then the fees to finance twice may outweigh the benefit.And then you can add in the opportunity costs if you need capacity on your equity line in order to buy another property "cash".  

Get the new lease drawn up and executed.

Sounds like it could be an opportunity for executive office suites, which are exactly as you described.

@Chico FordI’m planning on investing in summer 2021, as I graduate college in the spring, therefore I am trying to build my knowledge in real estate investing as much as I can before I execute an investment.

Was a purchase and sales contract executed?

After all, I can talk about it all I want, but nothing will actually happen until I execute and start education myself as much as possible.

This would be a great chance to allow them to bring their knowledge of deal execution, while you soak up the process & get a cut of the profits. 

Interested in your experience and wondering if you’d ever want to partner with someone in Cleveland to execute this strategy.