My question to you is, what is your plan to build up the inventory?

It's a good time to start reconciling the year if you haven't already

I’m trying to get a better understanding of the unlevered IRR hurdles SFR / BTR investors have for value-add improvements.By "value-add improvements" I’m referring to upgrades made to a property that increase rent or purchase value, often including kitchen remodels, bathroom updates, solar and other energy efficiency improvements, fresh paint, a new garage door, finishing a basement, adding a deck, and updating flooring, to name a few.I’ve been hearing a lot of different reactions to this question the last few months.

I can understand not wanting to relinquish control for a profitable property.

As we got into what was supposed to be just a cosmetic rehab we uncovered several things that set me back by about 5 months and $40K.

If you cant turn a decent profit on a monthly basis, it's not a great long term play and you should sell the property.  

The more serious the major the less time to party.

Could I fund the purchase using a bridge loan with the assumption to sell my existing home ($1.5M)? 

I have already talked to a private lender of mine that tentatively agreed to lend on the deal.

Are the other parties to the agreement the property owner sharing the well and maybe an HOA?