I have tested it on my existing rental and BRRRR properties; it is incorrect more times then not.  

Start with your existing ecosystemYour management portfolio is a major asset.

Please understand that the purpose of this post is to learn what options exist, how they work, and what can and cannot be done, with legal options strictly being the only ones to entertain.

I'm thinking of strategies for rentals of my existing home.

@Pierre Guirguis - I think it depends on how much of your existing capital is currently "tied up" in the BRRRR.

And that's another key point; where you start is not where you have to exist forever.

Here's some copy & paste info you might find useful:-------------------------------------------------------------------------------------------------You’re ALWAYS better off investing locally, where it’s easier to:Learn the marketNetwork to find dealsNetwork to find contractorsBe more hands-onDriveby property to keep tabs on itNetwork to find a decent Property Management Company (PMC)Next best location is somewhere else you lived, where you have an existing network of family & friends to help you as accomplish the above list as needed.If you invest OOS, your biggest challenge won't be finding properties to meet your goals on paper, it’ll be successfully outsourcing all of the above.The biggest mistake we see OOS investors making in our market, over and over again, is not fully understanding Neighborhood/Property/Tenant Classes and how they impact your probability of success!

Hey All,Arvada is proposing updates to its short-term rental rules, and the biggest change is Only ONE STR license per person would be allowed (down from up to three today).This would apply regardless of whether the property is owner-occupied or not, with a phase-down period for existing owners.This could significantly impact small investors who own multiple STRs in Arvada or were planning to scale.For operators with multiple STRs today in Arvada or other states, what’s the cleanest way you’d unwind or reposition properties under a one-license cap??

@Tal HalperinInvestors are definitely active in Greater Cincinnati, especially around the older SFR and duplex stock where value-add opportunities still exist.

Quote from @Greg Saia: @Jay Hinrichs Completely agree — risk is inherent, and the upside only exists because it’s not de-risked from day one.What you’re describing is a good example of being intentional about where the risk sits.