While yes it can easily be patched and mud back up, if your taking the time to hang new board, defeats the purpose when your filling holes and short cuttings with buckets of mud.

We lent secured by a 20 unit mid term rental property.

That's significant growth.However, consider these points:Make sure you have reserves for unexpected repairs or vacancies across all properties - THIS IS KEYRun the numbers carefully on the potential house hack and multi-family to ensure they make financial sense.Consider the long-term strategy: Will the potential appreciation and equity build-up in the new properties outweigh the increased costs on the Farmington condo?

The plan is to come in and improve the NOI over the next 12-24 months then implement a strategic cash out refinance and move to long term permanent agency debt.

The train of thought is there's a second wave of inflation likely hitting here shortly.

I'm local to Houston as well and develop small multifamily for long term holds. 

I’m also in San Antonio and I am a property manager for short and mid-term rentals.

Must be kept on a short leash while on grounds or in common areas.

A great cash flowing property that we sold for an incredible short term return.

You might also be able to employ a short term rental strategy to increase cashflow-- sporting events, conferences, homecomings, graduation, etc. always attract people to the area.Ask around and try to find people who are investing in Amherst/Northampton and connect with agents in the area to see what's working.