Out of State BRRRR Markets $80-100K ARV

[Ben Crosby]

After acquiring a couple of turnkey SFR's I have come to the realization that I need to transition to the BRRRR model in order to meet my goals. I have established a few criteria and would appreciate constructive feedback and connections to markets that meet the criteria. Financially, I will be bringing $30-40K cash and up to $30K available on a HELOC.

Act Fast Criteria:

1. -Buy & Rehab for less than $60K and <70%ARV
2. -Located in a market with direct flights from SLC for less than $200: Phoenix, AZ; Atlanta, GA; Reno, NV; Kansas City, KS; St Louis, MO; New Orleans, LA; Oklahoma City, OK; Tucson, AZ
3. -Sum of GreatSchools Rating >9
4. -Rent to Cost>2%
5. -Low Crime in immediate and surrounding neighborhoods

Take a 2nd look criteria:

1. -Buy & Rehab for less than $60K and <80%ARV
2. -Sum of GreatSchools Rating 6-9
3. -Rent to Cost >1%
4. -Low Crime in the immediate neighborhood. Moderate in surrounding areas.