Finally, from a lender's perspective, lowering the LTV percentage increases the DSCR (Debt-Service Coverage Ratio).Manage WellIf things get scary, do NOT stop implementing your preventive maintenance plan, as that can lead to a downward spiral.

All of these "events" sell product and you must be able to implement it on your own when they leave town.

I've worked in construction (renovations, rehabs, residential prop mgmt, electrical) for 13 years and I'm looking forward to learning more about financing the implementation of that experience into a fix/flip and/or rent program as well as meeting new people to collaborate with.

Assuming you can, it looks superior to the LLL implementation. 

This is the reason why I believe that its the right time to implement the BRRR method. 

But there is/can be a very steep initial cost to getting that implemented into your property. 

My plan is immediately after closing to implement a new lease, raise rents, and also require one tenant to vacate as I will be occupying one unit.

This states the home has been approved and available to be a rental.And some of these must be applied for every time a tenant moves.So check your state laws.There are Landlord Tenant Laws, Building Codes, and laws that are not laws at all but based on a Judge’s opinion of whether or not a tenant did wrong or not.For instance, normal wear and tear.Judges have various opinions on what they deem normal wear and tear.This is an Industry of thinking skills.This is an industry of holding your temper and implementing your lease agreement no matter what.You need to think like a Judge.You need to think reasonably.You need to be a good listener.You need to be in control.Once you buy a house you need to know how to keep that house and how to keep your tenants long term.You need to know how to be all things in order to keep your tenants happy, yet make them know the rules of landlording and how to be good tenants.I always say that one is only as good as the tools they have.You could be the greatest landlord in the world in mind and action, but if you don’t have the equipment, or the education, or the money to invest in the proper tools to make you successful, then you will never make it in this business.It takes my breath away to read the stuff on here by new investors.And I understand that how can they know what they do not know?

Meaning that I'd be able to take the information taught and implement it right away.Thanks!

There my research I have learned about implementing a quarterly or semi-annual inspection on the properties and I think that is a wonderful idea.