Talk to tax man  if you sell individual houses you will lose your 121 tax free and have to pay the highest rates.. many times for a little extra money the risk and work is not worth it unless this is going to be an on going thing.I wonder if whats happening there is builder/developers are just replatting or confirming underlying lots that were consolidated years ago.. thats a huge deal out west ..And I helped a BP member find that hidden gold on a project she did in Nashville.

Buying the Next Property FasterA 1031 exchange into a bigger property is perfect timing—it consolidates management and boosts cash flow.Once you cross that $70K/year net mark, 1–2 more deals like the one you described could put you into full-time investor territory—especially if you move to fewer, bigger properties.Bottom line:Build systems first, then scale.Bigger units often mean less chaos per dollar of cash flow.Full-time investing usually starts when income is well above living expenses so you can weather surprises without stress.I'll send you a DM if that's okay. 

IMO you are only scalable in STR if you have multiple properties in the same market because at least you can consolidate your vendors.

Multi-state diversified portfolio (Single family, Small multifamily 10 units or less) Multi-state consolidated portfolio (all single family or all small multi or large multifamily and/or commercial)?

Or some catalyst that over-rights a consolidation. 

It’s basically consolidating into quality over quantity.I’m a real estate agent and investor in Memphis, TN, and I work with a lot of out-of-state investors building portfolios here because it’s another affordable, cash-flow-heavy market.

@Chad Clark, Another option is consolidating your RE portfolio to help scale into MF.

Haha.It looks like I can consolidate 3 loans with the CMG AIO and the equity I have in my California home, so I will avoid a lot of refinancing fees.  

However, as you obtain more and more properties, many consolidate properties so they don't have dozens of LLCs, but an amount that they deem reasonable based on liability exposure vs insurance and property value.Definitely let me know if you have any other questions with regards to it.

.), or Entity account please review the following choices carefully: CHOICE #1: You can choose to join in our “consolidated” Illinois tax return.