Sometimes I wonder about shopping around every year but I believe that could become a significant amount of work as the portfolio grows larger.

Case in point - we found a wholesale property we liked 2 weeks ago - we offered $15k over ask (yes, 15k over ask on wholesale - that's how crazy things are here) because we were going to finance it, as our liquid cash is currently tied up with other rehabs. 

Muncie has a significantly larger renter pool because it's a college town, but the PM side is going to be more difficult because most of the tenets will be short-term (and there's a lot of competition). 

What makes it interesting is it has several parcels of land with the sale of the house which we could probably sell off the larger parcel for about 25-30% of the total purchase price.I know the basics of Section 121 but I'm trying to understand if there is a way to extract value from our equity position in our current house to make this a better choice than finding a straight rental.Current house Purchase $215K Current Value $280-290KOwe $160k 15 year mortgage at 2.75%Mortgage + Tax + Insur $1450Possible Rent $1800-2000Possible Live-In FlipPurchase $300KRepairs ~$20k-40kARV $325-350k (excluding land to be sold off)Land Parcel Value to be sold off $80k-100kI would love to hear your creative thoughts on this situation and how I can optimize.Thanks!

Perhaps single family off market properties, or larger homes near the universities (single room rentals), or finding areas that will hopefully inflate due to developments, or finding perfect homes in the markets outside of Marion county.

I connected with a friend in NC whose building a large real estate portfolio, and he had me start driving for dollars.

Plus, you get more depreciation on a larger loan, plus even more on the next house / loan, and you have no capital gains taxes to pay.  

Luxury homes, condo buildings, and larger apartment buildings are a better way to make money of initial sale, or in the case of the apartment buildings, make a decent ROI.

The Solo401k is a retirement account.The law changed recently, like right before my Dad passed away.The law now requires that we fully liquidated my Dads IRA within 10 years of his death.

This is in the same complex as our other two STR, so we will be able to expand and host larger families traveling to the area.Secured owner financing on 80% LTV.