This seems to follow the general overall trend of lower cost areas winning at the expense of those with a high costs of living.

.- If doing value add, which market do you think your efforts are going to add more value, the low property cost area or the high property cost area? 

We have previously tracked all expenses manually in google sheets and produced financials statements manually, also in google sheets.  

I have owned/house hacked these properties for 8+ years and all expenses totaled up (including rehab projects upon purchase, major cap expenses, CPA costs, etc.) comes out to $1,200 per month.

Is interest so low that you can't justify having them more often?

I've seen lot rents from $150 per month for low end trailer park trash, $350 to $450 for higher end parks depending on the amenities offered.

IE - when you're young and poor (low tax bracket), contribute as much as you can to a Roth. 

At a minimum, it should cover expenses so you’re not feeding it every month.

It’s harder to BRRRR in the Tulsa area now due interest rates, you definitely have to buy at a great discount in order to be all in low enough toget all of your money out and the rents have to be high enough to still cash flow after all expenses (PITI, Mgmt, Vac’s, Rep/Maint, CapEx, HOAs, Util).Based on being “all in” $120K in order to BRRRR and still cash flow at least $300 mo:$120K cash out amount - at 7%/30 yr ($150K+ ARV)PI = $800 mo + Taxes $150 + Ins $150 = $1100mo PITIRENT would have to be at least $2000 mo- $1100 PITI- $200 mgmt (even if self mng, it’s exp for time)- $200 vacancies- $200 Rep/Maint & CapEx= $300 mo cash flow.

The scope of what I would do was far beyond, and a LOT more expensive than what they were thinking.