I really don't think that applies anymore as the number one advantage of Real Estate is the leverage (it's easy to get money for it).However, You need cash reserves to make sure you stay in business and can keep building (both skills and wealth).To answer the question of BRRR vs Flip - It's all about "do I have enough cash reserves to make sure I'm going to stay in business?"

Don't take advantage of someone's  poor math skills by saying "instead of $600 once a month, pay me $300 every two weeks."

.* Appraisers with lack of skill or motivation (due to their low fees received or charged) which deters them from doing the work required for an reliable valuation.* Residential properties (2-4 units) are mainly valued by sold comps and not with the income approach, since these properties are typically not purchased for their income potential exclusively.* adu/jadu's add contributory value to the property as a whole, which may or may not = the cost to build them.

The variables are skills, confidence, and love of the game.

I just want to offer what estimating skills I have, since BP has helped educate me. 

Also, it is a great way to learn many real estate skills while maintaining a roof over your head haha. 

That means their due diligence skills aren't very strong.

Marketing only on Zillow is amateurish, which indicates they may be lacking skills in other areas.If your unit rents for $1,000 a month, you are losing more than that because of utilities.

You could also get a Full-Time or Part-Time job in any part of real estate....working for a top Real Estate office on weeknights and weekends, working for an RE Investor, working for a General Contractor and learning a few skills, etc.

Trim, doors cabinets etc. we usually spray - but those can be brushed and look professional if the painter is skilled.