Buy: Finding the Right PropertyThe first step in the BRRRR method is to purchase a property.

You do not need a separate LLC for each property or a series LLC!

If that’s the case, I’d recommend considering areas outside of Dallas proper where you can still find properties with strong growth potential.Cities like Prosper, Melissa, Princeton, and Anna are excellent options to explore.

My recommendation would be to engage an investment property focused realtor (not a general residential realtor) and let that person guide you through the process from pre-qualification to market/property valuation and selection. 

However, I would encourage you to Network work local real estate clubs in the PA/NJ area to help identify your target market and ideal investment for your first property.

Is it worthwhile opening a discussion with the property owner to see if they're open to selling the property?

@Melissa Sejour a good property manager will give you a lot of information that you care about.

I run Blaze Real Estate a property management company in Amarillo.

First, congratulations on purchasing your first property together.

For the second property, I would expect to have to put money into it in some fashion.