The information contained in this post is not to be relied upon.

You’ve come to the right place to connect with some vary smart investors.

I 1,000% agree that prices vary by city/location.

The information contained in this post is not to be relied upon.

But as interest rates increased by 525 basis points between March 2022 and July 2023, the predictability that BRRRR relied on started to fade away​.With the Fed aggressively hiking rates, refinancing became much more expensive.

You’ve come to the right place to connect with some vary smart investors.

The agreements I've seen basically say you are guaranteed nothing, you could lose all your money, you might not be paid on time or ever, you can't rely on any representation made by the GP, you have no control over the operation and other terms and disclaimers to that effect.

From my experience with long-term rentals, relying too much on transient tenant flows like students or short-term employees can be risky.

What they tend to realize after the fact though is the higher payments are now mandatory and the monthly cashflow is cut so that you're mainly relying on equity which although likely isn't always guaranteed. 

The auction price can vary, but I would have a max purchase price for a property beforehand.