BRRRR is tough right now.  

There are probably many posts that contain similar information to this one, but I thought it would be of value to future and existing investors who are starting their journey.We recently completed rehabbing a duplex we bought for $93k and rehabbed for $75k (in retrospect, we could've negotiated a lower price 🤷‍♂️ - discussion for a different post), hitting an ARV of $190k when our target ARV was $170k.Two things that stood out for me that helped us secure a higher ARV that anyone can use in their next BRRRR were:1) Fix the property to be in the top 75th percentile -> To improve our success rate, we consulted with both our agent and our PMC on what kind of materials and finishes the best properties (highest ARV Comps and Rent Rates) had in the area.

That seems like a huge headache, managing an STR from out of state and meeting the material participation hours from OOS.

@Errol Graham you're in a tough position - too small for better software systems, but getting too big for spreadsheets.Stessa may be a decent option, as you should be able to track your accounting so you don't miss something or double enter a bill.Depending on the cost of QuickBooks, you may want to look into Buildium.

Thats a low LTV but without knowing or seeing the PFS, Returns and previous P&L its tough but if strong 65% even higher should be workable.  

We self manage all of our properties...really not tough. 

Flipping it tough right now unless you can buy the property direct from the Seller and (hate to say it) lowball them.

I totally understand the challenges with deal flow, especially in a tough market.

It's going to be tough for me to go for something in the 70k range.

I just need to give them the tough news about how much I need to increase prices and deal with potentially some leaving.