Scaling Residential Rental Portfolio

[Emily Koelsch]

I've been a long-term buy-and-hold investor who self-manages for about 11 years. We've scaled slowly - now up to 3 single-family homes and a duplex. We're getting a good cash flow and now have good property management systems in place. We're interested in trying to scale a bit more and considering multi-family properties or short-term rentals. Any suggestions when it comes to trying to scale in the current market (we're in the Memphis area) or branching out into new property types? 

[Drew Sygit]

Go with what you know!

STRs are a totally different market that you will have to learn.