FMV of 260 will help with your cashout, but not with the depreciation as the basis from your dad carries over.As for structuring your properties, putting them under an LLC is often beneficial for asset protection.

I have a 2025 appraisal ordered by the lender and good through March 2026 with significant equity; seasoning and rental structure are solid; cash-out is the goal.Current lenders are forcing LTV off the lowest list price  instead of the higher appraised value, which kills my cash-out.

Many landlords balance current cash flow with flexibility for future acquisitions.How are you structuring rentals today to keep options open for tomorrow?

I spent most of my career in the Air Force (cue the jokes about hotels and golf courses), then crossed over to the Space Force for the last few years (yes, we exist… and no, I don’t have a lightsaber).I own a few long-term rentals now, and I’m exploring whether it makes sense to branch into housing that supports people who genuinely need stable, structured places to live—sober living, assisted living, transitional housing, or veteran-focused housing.I’ll be upfront: I’m not looking to personally run or staff these homes.

Many can help explore seller financing or other creative structures, depending on your situation and qualifications.

Some key expense categories to track are maintenance and repairs, property management, insurance, utilities, landscaping, reserves, and capital expenditures.Also keep in mind your financing structure.

It's more expensive almost every time, but your personal liability will be much lower, assuming you structure everything else appropriately. 

I generally think things like this, or "equity share" type structures are a great solution, not sure to your point how to make them work in a modern environment, but conceptually I'm a big fan.    

My short-term goal is to acquire 8–100 units within the next 6 months, and my long-term goal is to scale to 500+ units through partnerships, seller financing, and joint ventures.Right now, I’m looking to connect with:- Experienced investors or agents open to JV opportunities- Mentors who can help me structure my first few deals- Anyone with off-market multifamily properties in Middle Tennessee or TexasI’m not here to waste time — I’m here to learn, move quickly, and make things happen.

My long-term plan is to build a house (and a few additional structures) on one of those properties and eventually retire there.I would like to act as the owner-builder.