The BRRRR method (Buy, Rehab, Rent, Refinance, Repeat) could also be a great strategy to recycle your capital.To find deals, try direct mail campaigns targeting absentee owners or distressed properties, or go driving for dollars in neighborhoods with strong rental potential.

My thoughts are current housing supply + high rates + high home prices in OR are restricting our options and liquidating the brokerage to pay off the townhouse = $400k asset + $2,400 cash flow that we could then use to leverage or save into buying another property outright or scale into 4 plex and use the rent to pay down that mortgage too.

Keep your focus on how many crappy properties you can buy each year, instead of buying fewer but better properties.

What kind of property did you buy?

If you can't identify why an investor would want to buy it - you'll likely have a hard time moving it

I'm interested in flipping, and short-term rentals at the moment to build good cash flow, then pivot into more of a buy-and-hold/appreciation play 10-15 years from now.

I buy houses in the Memphis market.Terry Clothier REI Nation

What type of properties are you looking to buy?

Here in Columbus Ohio, you can still find the positive cash flow (aka the 1% rule) and you get amazing appreciation in any real estate you buy.

I can say that with Phoenix, a multitude of opportunities can be in store for you if you invest in their market, network, or even just want to get familiar with it.What type of real estate are you into: fix & flips, buy & hold, multi-family, or something else?