That is why BRRRR (Buy Rehab Rent Refinance Repeat) is so popular.

My 22 year old son will be leading his second rehab and will be performing his first live-in rehab.  

Whats the address?

Unless Quickbooks has addressed the issue does not have a specific real estate module so you have to work around it using customers as properties and jobs as tenants.

., adding a new street address with USPS, etc.).

The property will need to have a slight rehab to get it up to STR standards, but when complete it should easily be a $200k Gross booking revenue property.

I am planning to get into the TN real estate market as my first investment and am looking for some information.In particular: Areas to steer clear of, property management fees, typical cosmetic rehab costs, etc.My strategy is to put large down payments on 2 properties (relative to housing prices) to help pay for my living in NY while still gaining appreciation in a growing real estate market.

For example funding rehab with the goal of a quick refi to pay off the heloc.

But to address the question, the answer is when they can afford to participate.

If I were in your shoes, I’d look at the BRRRR strategy (Buy, Rehab, Rent, Refinance, Repeat) to stretch your liquidity while building equity and cash flow.