Our current plan to continue our journey toward financial independence through RE is to sell the SFH at the beginning of next summer and move into a duplex or a fourplex and self manage the property.

There will propabaly be investor qualifications (accredited or sophisticated) but it’s a great alternative that allows folks who want to get out of a participation (hands on) ownership role and 1031 up into a more risk averse large MF building while being hands off.The sponsor will take fees of course like a normal syndication (most likely) and the returns may be slightly less, but you should still share the appreciation rights and ultimately just continue to 1031 up and up.Happy to answer questions.  

Even with the change to the NOO STR laws in Nashville, there are approved zoning developments that will allow you to continue to invest in those areas.

I continued to buy the next few rentals cash(From the HELOC) and worked to pay down the HELOC as quickly as I could.

Thus, we are still buying (as flippers), but instead of using the 72-75% Rule, we are down to the 70% Rule and looking for steeper discounts in order to give ourselves more cushion if the market continues to soften. 

They story continues, but I will spare you any more details. 

Definitely still looking to continue investing in the area. 

Speak to as many brokers as you can to educate yourself as to the areas to avoid. 

That being said, term leases automatically become month to month leases when the tenant continues to pay rent, and there is no renewal clause.

You can certainly find towns with cheaper homes, but Colorado Springs is a desirable town that is growing quickly, and will continue to grow for years to come.