So, when you are searching, I would look for spaces that have good bones and already have the bigger projects done.

I'm nearing the latter part of my 1984 renovation.

@Devin Aikens I have 20 units and 5 more under renovation coming online soon.

This can entail working together on a project where you share duties and pool resources.You might be able to get better loan conditions if your credit score is higher.

Renovation, 4.

Enough that we sold the home without it being a smoker house.Today, I will be trying out an even more powerful machine in a mobile home we are renovating that smells like the worst smoke smell you can imagine. 

I'm considering diverse options for reinvesting the proceeds ($200k+) from a planned 1031 exchange and am open to various strategies:Las Vegas/Reno: These markets offer potential for both cash flow and appreciation, but I'd need more information on their suitability for mid-term rentals and current market conditions.BRRR strategy: This approach could be attractive for value creation, but I'm hesitant about out-of-state management and require a turnkey or experienced team to handle renovations.Other locations: I'm open to exploring other markets offering favorable investment opportunities, particularly turnkey properties or areas with manageable maintenance requirements.My preferences:Turnkey properties: Minimize management headaches and focus on cash flow.Limited appreciation: While some appreciation is welcome, cash flow is the primary priority.Shorter-term rentals: While Airbnb isn't an option in my current area, I'm open to exploring short-term rentals in other markets.Avoidance of major renovations: My recent experience has solidified my preference for well-maintained properties.Current portfolio:3 duplexes in Missouri (mixed performance)1 single-family home in Memphis, TN (turnkey, positive experience)Questions for the community:What are your thoughts on Las Vegas and Reno as potential investment destinations?

It's a renovated home built in 1920 - I didn't do the renovation.

Richard Helppie-Schmieder Group Saturday mornings 2x month at 8am sometimes in Carrollton, sometimes at projects in progress.

Dynamics are good, but you may not be able to be in and out in 6months for your second project.