He is the living proof of that.

Having hundreds of hours managing a myriad of STRs you really get to learn and get a pulse on what makes a property successful, how to mistake proof a property, and what it takes to keep them performing optimally. 

But I have been looking into splitting the duplex into two condos (yes I know it is a lot of work) and I could probably get 325-350k for each, netting me 650-700k.Number:* Mortgage interest 2.5%* Mortgage principle 240k* PITI $2100/month* Rent 2200/month (current tenant on a two year lease)* Potential rent on my side $2400/month * 100k HELOC at 11% (fixed) (not currently being used)* est additional cost to split the dueplex 75-100k (conservative, probably less)     *new siding 30k (just put on a new roof this year)     *legal 10-15k     *fire proofing 15k     * 15-40k for stuff I am not aware of or underestimated on* some of the appreciation is external from the home     *big grocery store put in 3min away     * newly paved road in front of my house     *a building that was falling down across the street has been torn down          * Still a vacant lot with the foundation exposed and fencing around it (so more local improvements are on the way)Part of me wants to take the money and run but man I love that 2.5% interest rate and the $2000/month cash flow (including taxes and capx)I have thought about 1031 exchanging into more rentals, but I would like to pivot into storage units.

There is a PAC coming and proof of other markets fighting similar situations.

I'm so curious where you got the glass cabin from?

Finally, I pulled down the proof of insurance from their website portable.

The main stack, drain lines in the basement floor, trap and the sewer line to the city main are the big ones.You can either knock these out as they become problems or bite the bullet and spend the money.

My wife and I's goal is to own a "bullet proof" portfolio in our hometown on the DFW outskirt.

I have enough in savings to pay for it but I keep asking myself should i just sell it and get it off my plate and lose the low interest rate or bite the bullet and do a big rehab and continue renting it out.

The pro of a feeder fund is if you trust your FF GP and they are well connected, they can be performing due diligence on multiple operators.