Even with a reassessment, you’re usually dealing with a one-time jump vs. perpetual new-construction tax resets every few years.

A lot of California investors who were in your exact position ended up selling the negative-cash-flow property, resetting, and then buying 1–2 cash-flowing deals out here, which got them back on track way faster than trying to save another $30k from scratch.

A HELOC on either property gives flexible, draw‑as‑needed capital and usually beats private money on cost, but confirm terms, rate resets, and if it’s interest‑only.

Since the texting 10 DLC / A2P regulations went into effect in October 2023, it reset the marketing channel and now very few investors are texting in bulk due to all the hurdles you need to jump through to get your account approved for texting.For me, keeping my cost per deal low is very important.

-one thing to do is: reset your expectations. 

If the seller has held the property for a while, assume your taxes will reset closer to full market value.To sanity-check your assumptions, look at recently sold comps.

Selling resets the game at a more expensive levelIf you sell, the next house you buy will:Cost more than your original oneHave a higher interest rateRequire new renovation capitalNot have an ADU out of the boxYou’d be giving up a known winner to jump into a less predictable future project at a higher price point.4.

Selling can reset the yield — but the tax friction is the price of admission.Your 25% haircut on sale is the big swing variable.If between fed/state cap gains, depreciation recapture, and Hawaii specifics you’re really losing ~25% on exit, that $700K “in the market” might closer to, say, $525–550K after everything.

We also doa new home orientation and go over items like how to reset a GFCI, breakers, water main shut off location, how to replace a furnce filter, what the sump pump does, the importance of down spout extensions and why you have to disconnect your garden hose before frost - we have had more than one pipe burst over the years.Be VERY careful with altering leases.

@Rachel Redmanif you start with rentals, one important thing to do is to reset your expectations.