Doing a renovation now and have the option to do x2 2bed 2 bat units or x3-x4 1 bed 1 bath units.

Alternatively, a lot of investors have found success in self-managing their rental properties as a way to cut down on their management expenses.In order to decide what option is best for your portfolio, let’s take a look at all the landlord duties you will be taking on if you self-manage or that you could pay a property manager to handle.

@Roger D Jones curious, do you charge for any of those options/services?

We took equity from the 1st rental to clear some debts and the extra was used for down payment on the 3rd house.We took extra risks because we hold on to having more renters to come soon.

There are many other great neighborhoods in Columbus that would also be good investment options.

If you decide not to do a DSCR loan, the second home loan is a popular option, but there are lots of drawbacks for investors as it is really a product made for regular home buyers.

Our tenants have been in the house the past 3 years; they're good tenants and people, and we want to do right by them while also meeting our own needs at this time.My first option is to approach the tenants and see if any of them want to purchase the property; that would probably be the smoothest exit for us.  

What factors would make such an option more attractive?

What are some options regarding structuring this deal and the steps I need to follow?

In a wholesale transaction the seller is in some kind of financial trouble which the wholesaler is helping to resolve.You have two options an assignment or a double closing:I haven't done an assignment myself so not sure completely of the process, but in a double closing there is already a contract with the seller and the wholesaler who is fixing the liens on the title, when that is resolved there is a closing date where the wholesaler execute the contract with the seller and you execute the contract with the wholesaler.In general the closing cost in these type of transactions are covered by the buyer which it could be around 3.5% and it does not include sales agent fees.There is one thing that I didn't understand, it seems that the hard money lender is in charge of the transaction.