Quote from @Jacob Hrip: I have read this one years ago and it is a great book by a very successful guy in the space!

Hey @Paul Stern, I host the New Haven meet-up monthly, and invest in New Haven county, I actually just completed my first successful BRRRR on my own, tenants moved in yesterday.  

The return on equity is probably very low considering they are paid off so maybe explore refinancing or selling the lowest performing one(s) or your biggest headaches to reinvest in more lucrative deals.I noticed you also used a metric of number of rentals to attain your goal rather than $$$/month.

- FYI: it's only illegal to try to rent it out, the property owner can usually legally live in a nonconforming basement unit.If you do all this you may still negatively cashflow each month, so make sure your income can cover and/or your cash reserves.If you do this successfully, you will learn more in 1-2 years than you would reading here on BP for 5+ years:)Good luck:)

Your first couple deals will be important, they will set the stage for your success.

Always perform thorough market research and verify the numbers on any property you consider.

I am talking in general, especially for investors successful enough to park a few hundred k not leveraged at those returns.  

Cheers to a successful 2025!

I love to connect with others here who might be willing to share advice, resources, or success stories if anyone has tips for me as a beginner or any recommendations, I’m all ears.

Success is Focus.