Going from Zero to 6 doors

[Natalie B.]

My husband and I locked up a portfolio of 5 SFHs, 2 duplexes (one is a tear down) and 4 buildable lots (1 commercial). The seller was sick and most of the properties are in livable condition but need repairs and rented way below market. All tenants are cooperative and current. We plan to (light) reno one house at a time over the next six months and offer the existing tenants (all M2M leases) a new lease with increased rent (unless they choose to leave) then refi out with a commercial lender and repeat. Would love feedback on our approach, suggestions from those who have successfully BRRRR'd a portfolio before. Note, we are well versed flippers and have a great team of contractors and a solid property manager on deck.