The list goes on and on.  

He owns/manages about 140 single family rentals, and uses AppFolio for everything from listing and lead generation to maintenance requests, including electronic leases.

And the average full listing to closed sales cycle for a home is up 42% to 124 days.

This is the property that needs the most amount of tweaks and attention to remain relevant.And because is the competition helps to be in a good community with amenities near the parks, themed rooms, etc....I wouldn't recommend the area if this is your first STR but If you already have an STR and are comfortable listing in all the channels and optimizing so you can be in the top 10-20pct then it can be a good market.

As a real estate agent, I have access to the MLS to select a variety of lists.

Unfortunately nothing has been listed since my last purchase 9/1/2023.

You will need to invest in skip tracing, lead gen, mailers, door hangers, etc...Being a realtor just gives you another feather in your cap...it is great to be able to offer someone another option to list their home. 

Share a list and a PDF sheet of pics maybe.What's the value of the land?

Both homes were purchased in cash, so I do not have any debt on either property.I'd love to do a cash-out refi on either home in order to buy another rental, but I am not sure if I'm missing something with the BRRRR method and would appreciate some guidance.Current Rentals' ARV: $125k for both (slightly conservative # here)Purchase Price for 3rd/new rental: $100KRehab Needed: $2.5k (tenant currently in place, just needs punch list items taken care of)Gross Rental Income: $1500/monthI guess what I'm having difficulty with is how much I'll be able to receive back from the re-fi that I can use towards the purchase of this 3rd property.

However, I recently also saw a property that I think is perfect for sub-to, in that its been on market over 100 days and is listed for almost the same amount they bought it back in 2022.