Gradually scale by researching high-growth markets, partnering with experienced investors, and exploring financing options like SBA loans.

A Title Company can distribute the proceeds based on the agreement, and consulting a CPA will help calculate tax liabilities and explore strategies like a 1031 exchange to minimize taxes.

Additionally, I would suggest you run some financial calculations such as cash on cash return as well as any appreciation from the asset if/when you sell.

I’d recommend a consultation with an attorney specializing in these, in addition to an accountant.

I have added new electric service, all new plumbing, an additional bathroom, remodeled Kitchen all the way down to the studs, new carpet on the second floor, and new LVP on the first floor.

I don't have time to keep going back and forth here; you are welcome to contact me directly for additional details.

In general these are either growth markets or markets short housing that has significant hurdles to adding additional housing. 

In addition, due to them being eligible for conventional non-commercial financing they typically have lower cap rate than 5 units and more.  

If the water bill is $100 a month, increase the price by 20% (or whatever you decide is fair) to compensate you for the time required to split and bill and to cover additional use when tenants squander the utility.

Hi Edward, To connect with more advanced investors in Spokane, start by exploring local real estate meetups through platforms like Meetup.com, Facebook groups, or BiggerPockets forums.