I think it's a great strategy.

It's not simple, sorry.If you have not closed, consider tax mitigation strategies such as a 1031 exchange.

Always keep an eye on interest rates to optimize cash flow and return on equity. if you switch to long term hold investing, you'll want to see if equity stripping is a strategy that works for you. 

Hey gang, has anyone used this strategy as of late?

Then rent the bigger home out using a property manager, allowing her to possibly cash flow and maintain that asset and let it continue to grow in value.Encourage her to consult with a CPA or tax attorney to explore the best strategy tailored to her situation.

Begin by educating yourself through books like The House Hacking Strategy and podcasts like BiggerPockets, and join online communities for support.

What strategies were you considering? 

If you need help with landlord laws, house backing strategies, or traditional MTR investing specific to New Jersey happy to help.

To adapt, focus on refining your ARV and repair cost estimates, explore off-market deals, and consider creative financing strategies like seller financing or partnerships.