Once you find someone you trust with teams, systems and processes in place I would want to start with a partial investment in a deal as a test run.

Vacancy is a real cashflow killer3) If after refinancing and potentially increasing rents you still don’t have adequate cashflow to fund reserves and property management (you will need this at some point in order to scale) you might consider selling the property and rolling the funds into better cashflow markets4) Investing out of state - there are many markets across the US with positive cashflow and good appreciation potential and Orlando is certainly one of those, maybe with more of a bias on appreciation than cashflow.

we have our lender and were ready to roll.

@Matthew Kinch Curious your decision to hold onto this via refi vs selling it and roll into 1031 (pre-COVID)?

Check BPP tax rolls as well.

That way I could take the proceeds and roll it into multiple other deals which would diversify my risk and also enable me to continue compounding returns.

The ESOP is being held in a Money Market account until 5 years after my employment was terminated and the 401k is currently available to be rolled over ect...

Looking to get the ball rolling on building a portfolio in the Dallas/Ft Worth area and curious about what others would do in my shoes.

When investment strategy has only been tested in bull markets, we really don’t know how the same will hold up in crisis situations.

I would say depending on the age of the house roll that 10% of the Management fee into the CapEx (Older house= more major repairs) or you could also bank that 10% for future renovations.