The only thing i would have to do (as far as i know at this point) would be fresh paint and  carpet.When i plug all of this information into the rental calculator here online using 20% down, $7000 (High Estimate) in repair costs, average closing costs, an after repair value of $65k (in my mind a conservative estimate considering it appraises for $73k), and ultimately renting it out for $700 a month, all my numbers look tremendous.

The strategy is to Buy land -> Build Housing -> Rent it out on Airbnb -> Refinance the property -> Repeat/ReinvestThis means you are- Avoiding expensive & strict commercial codes (5+ units)- Buying land in an area where your product is highly demanded- Adding tremendous value to the property by turning it from dirt to brand new housing- 2x-3xing the income of the property by using a short-term & vacation rental model such as Airbnb- Refinancing so that your capital is not stuck in a property, allowing it to be reinvested & grow faster- Building wealth and passive income for yourself and/or others If you have any questions or would like to discuss, leave a reply or send me a message Thanks for reading!

I am so grateful for the resources of this website, it's tremendous.

This was a tremendous help, as I was able to pay for a chunk of the renovations with the lump sum loan, then use the cash flow of the property to pay back those renovation costs over time.

I bought a triplex in early 2016 that has seen tremendous appreciation and am wondering what should be my next move.

Any details on this would be tremendous!

Again, it isn't the end of the world because we can afford it and I want to keep working toward paying it off and weather the market for a few more years, but if we could refi and get the rate even down to 5% it would help the cash flow situation tremendously.

And like Robert Ruiz mentioned, once you start gaining momentum, your reading time will be cut short tremendously.

Debt funds pre-COVID were raising a tremendous amount of capital and were in constant search of ways to differentiate themselves.

Adding storage lockers or rent for assigned parking may work as well.Also, changing the management structure could help tremendously.