In addition, there are alternative rent models (STR, LTR, rent by room, etc) that can create better cash flow than the traditional LTR model.RE also can benefit from value adds.  

I might be reaching back out to you both in the near future  @Flavia Vangelotti I'm glad we could help give you some insight!

Anyways, I appreciate any insight/guidance you guys can offer.  

@Henry ClarkThanks for the insight Henry.

If you're looking for more of an appreciation/forced equity play, Portland can be beneficial, especially if you consider house hacking.Lastly, connecting with a local real estate agent who specializes in multifamily properties can provide invaluable insights and help you find the right deals.

Thank you in advance for your insights!

If you have a friend with a real estate license that may be willing to do you a favor, you could ask them for property information that is listed on the MLS which may contain additional information.

I am an investor focused agent, and in addition to my primary residence, own 3 SFR LTR (two of which I have gutted down to the studs and remodeled).Reach out anytime and we can meet up over coffee or lunch

Some additional thoughts here. 1) In theory, you would refinance after the value-add project is completed and the asset is stabilized.

An additional benefit of a detailed engineering-based Cost Segregation Study is that it can increase potential insurance premium savings as well as provides support for the property tax appeals process.