So, if you have a potential profit of $200k that is a pretty significant tax savings if you sell now that you will eventually lose if you continue to rent. 2.

It's more than fire prone areas now. 

Hello Ilya,Where are you looking at purchasing your 1st property.When converting a property from a single family to a multi family, you will need to check on the zoning requirements, depending on your location, not every location has zoning.As far as lending goes, it is far easier to finance a single family up to a quadplex, than financing 5 plus units, the DSCR Market for 5+ units is extremely low right now, and there are few if any lenders in that space.For financing 1-4 units, there are Millions of dollars chasing those loans, so you can easily obtain long term financing, at rates between 5-7%.Please reach out if you have a property identified, and I can help you with financing options.

This tip will help out a bunch, thank you so much

Understanding this dynamic could be key to making informed investment decisionsI've owned rentals in columbus for about 6 years now and have always self managed.

From the beginning it was cash flowing more than it is now but because insurance & HOA went up I started breaking even for almost a year.

Correct me if I'm wrong but the BRRRR strategy seems more geared toward cash flow whereas I feel like I should be focusing on value add and appreciation right now.

I have a claim in right now for a fire.

Now when the existing tenants move out I then will renovate their unit and push the rent up to the market rates that the other renovated units get. 

@Timothy YangCosigning with family members can offer larger down payments and easier loan terms, but may limit future credit or access.