Selling SFRs

The first 13 properties we bought were SFRs.  In 2016, we decided to move away from SFRs and focus solely on MFRs.  We owned 8 in MS and 5 in TN.  Our long-term plan was to unload all 13 SFRs (or at least most of them leaving a few high cash flowing ones) over time.

We saw an opportunity to sell all 5 of our TN properties at once, moving us out of TN completely.  We completed the sell of those in June 2017 and are now down to 8 total SFRs, all in MS.  We made quite a bit of cash on the sell and plan to use that money for future MFRs.

While we don't have any of the remaining SFRs on the active market, we have put the word out that we are looking to sell the rest of them to our network.  Currently, all of them cash flow positively so we have time to wait for the right buyer at the right price and without agent fees.  We plan to get the most out of them if we are going to sell them.

More on that as sells happen!