@James Purvis Buy another cash flow producing property!

If you see that they are all essentially the same units but with different addresses and they produce the same returns, and if you like those returns: stick with that model UNTIL YOU CAN'T! 

My sister and I have swiftly produced a couple of beginning strategies for our business.

I know I have a different mindset as a small time investor where holding an asset that wasn't producing would make me want to sell.

I personally had to persuade underwriter on my most recent acquisition to use my income history from a previous STR home I had already liquidated to prove that using my same business model (and in the same area) would produce the same results..which they fortunately agreed to in the end.    

In my market in Northern NJ, specifically Bergen county, in the last 2 years intently searching the MLS exclusively, I have only found maybe a hzndful of deals that comfortably produced a Cash on cash return of 8-12%, and one of those I currently have under attorney review.

Fully renovated and now producing cash flow each month.

Since the down payment was not enough to pay off the existing loan, I signed a land contract that gives me the ability to rent out the property and produce monthly cash flow until I refinance to cash out the seller.

It would have produced via both if not for getting hit by the two hurricanes in a fairly short period of time. 

And the fact the college expenses have risen faster than inflation and there is no physical assests, some body somewhere will lose lots of money when a bunch of students defualt on on loans.