Do a budget and only spend what you’ve allowed yourself to spend on play things!

Eventually we would move to the BRRRR strategy, but for now we want to play the safe card until we gain some experience. 

As soon as the magical 5th unit comes into play, the income approach becomes much more important in the valuation. 

The property type (e.g. cape, colonial, etc) would also come into play. The

How can you play the GC and let others do the grunt work (and then eventually hire our own GC!)?

@Lauren Hogan @Jade BloomfieldTrying to play the field with properties outside of your immediate market as a beginner in REI is a recipe for disaster.

Rather than cashing in the 401(k) and taking a huge hit (early withdrawal penalty plus income taxes), I would instead roll it into a self-directed IRA (SDIRA) and play the long game.Used wisely, an SDIRA offers most folks the greatest shot at serious wealth creation -- even more than their active investment activities -- because it eliminates the friction of taxes.You appear to be in Georgia.

I have to say, I do not want to play the guessing game when trying to calculate repair estimations.

Some lenders might want to play the long game.

Yes, all deals are in the Bay Area.Learn to play the game well while learn to minimize your risk.