We already have maxed out our home equity on current property.Many lenders are only lending after 6 month seasoning to do a cash recapture refinance. 

I'm curious what more seasoned investors experiences have been when looking out of state for deals and what you did to decide on an area to look.

Toss the whole winter and holiday season is slow mantra out the window.

You should be able to see a newly listed 3-plex for $xxx.xx and know right away whether it's a potential deal or just garbage.I started out in real estate with no experience, and in the 6.5 years since buying my first duplex I've analyzed thousands of properties and have a total of 35 units and a self-storage facility.

I ran the numbers through the calculator and it looks like it has potiental however i was hoping someone with some more experience with the brrrr strategy could bring some insight as to raising the value of this property so after about a years time (seasoning period) when we go to refinance it i could get the partners initial investment back out of the deal. 

If you're worried about DTI, seasoning and such you can always refi with private money and not jump through all the hoops at the bank.

@Cole BigbeeI would love to connect to pick your brain about a storage facility that I am planning to build.

I wanted to perhaps see if I could partner with someone more seasoned in commercial multi family and start into a 5+ (10-20) unit property.

It's a tourist economy with seasonal income.

If you decide to syndicate self storage, stop tempting yourself to get distracted by reading about land flipping (just a couple of examples).