Quote from @Angel Romero: You'll get plenty of advice on what to buy, where to buy, how to cash out equity, setting up an LLC, and other noise.

Also, you didnt mention any financing costs, was this built with cash or do you roll that into your cost of construction?

In fact, many of our clients will concentrate their cash into one of the purchases and even purchase it with no debt if possible. 

Pay cash.  

I ran some of your numbers, assumed rent of $1,290/unit and that you pay cash for the rehab costs.

Purchase price: $500,000 Cash invested: $100,000 AirBNB in West Sacramento

Whatever you do, leverage smartly—DSCR loans can help you buy more without draining your cash, and depreciation will handle your tax burden for 2024.

The investor has to be gaining cash flow or equity to make it worth it.

The best strategy I seem to have deployed so far was to contact all my current tenants and let them know I’d give them a cash referral fee of $250 for anyone they recommend to me that goes through the vetting process and successfully moves in.

The cash flow is a bit sub par on this one and I anticipate some larger expenditures coming my way in a year or two so I'm contemplating this as an option.