Examples might include areas in the Midwest, Southeast, or Sunbelt regions.Multifamily Properties: Consider duplexes, triplexes, or small apartment buildings to increase unit count and spread risk across multiple tenants.Short-Term Rentals: If you’re comfortable with the management requirements, STRs in vacation or business travel markets can offer significantly higher cash flow potential than traditional rentals.Value-Add Properties: Look for opportunities to buy undervalued properties where you can force appreciation through renovations or better management.Decision FrameworkRun the Numbers: Compare the projected cash flow, equity growth, and tax implications of selling versus holding with a refinance or HELOC.

I think good flippers talk about something like 80-20 -- they do well on 80% of their projects.

I would not use our money for the next project.

I am currently employed as a project engineer working for a GC that builds multi-family projects.

Forcing appreciation on properties requiring work is a longer term goal but I’d like to start with a simpler project.  

If you start a JV in name but do not give your partners proper control and decision-making rights and the deal goes bad you open yourself up to serious consequences which can lead to SEC violations with extremely high fines.Lastly, you can offer the project up to investors who have no voting or control.  

I’m on the hunt for my next primary and would like it to be a project. 

I was doing BRRRR projects before I ever new it was called something other than cash out refi.  

If you decide to revisit STRs, you might want to explore properties where you can project expenses independently, such as using local STR forums or online tools to estimate maintenance, management, and occupancy costs.For networking and strategy-building, you might find local meetups or groups beneficial.

That would set you up and make it easier to scale to another or larger project.