Corporate Rental Flipping

[Nadia Daggett]

I've been engaged in corporate rental flips for some time. I recently acquiring a property for $145,000. It was rented as a short-term rental (STR) with a 3/1 generating $3,800/month and a 1/1 ADU suite at $1,200/month. Using the Gross Rent Multiplier appraisal method, the property was appraised at $400,000, and I successfully sold it just below this price within a few weeks of the appraisal. I find this corporate rental flip strategy rewarding, leveraging rental income for substantial returns. Has anyone else used this approach? How long did you hold the property before selling? Although the property was a great income source, the high sales price made it compelling to sell. Do other investors have a preference for this strategy?