I do not care what the source of the return is  Historically the highest return is via a value add and appreciation and is more so recently due to the recent rate increase versus earlier this century (before 2022).However, most new RE investors cannot handle extended periods of large negative cash flow.  

Cutting our losses and selling was difficult, but it was the best option given our financial woes.I’d love to hear from others—has anyone else faced something this unexpected during a BRRRR or flip?

This saves me a lot of communication time as I only need to respond to inquiries with cut and paste responses with the open house day/time and I only need to show the rental twice a week. 7.

And now with rates being high, plus many areas overbuilt with new apartment buildings, I’d be careful with unknown areas, and also what you read in the media about “hot” areas, up and comers, etc.I was in a similar situation to yours a couple years ago.

To me, signing a broad exclusivity agreement kills your bubble; you're now cut off from every other agent's network.Of course, it has to be worth the agent's while to bring you a deal over someone else, so try and offer something of value like a finder's fee or, if you're flipping, the right to list the renovated house with the agent. 

Many of us have been there but you may not be cut out for real estate.

It’s important to terminate the agreement carefully to avoid legal disputes.

A Cut Above lawn and landscape out of Andover is run by my partner Andrew.

So my best advice would be to not make a clear cut decision yet, but keep your eyes open for an opportunity that gets you there.

If you can solve the problem, you can get the house for less than everyone else who doesn't care about the person.3.