Quote from @Kumar R.: @Philip Caslan Great unit! 

You want to break down your preference in regard to sale price, down payment, program, (SFR/MFH), seasoning is important, and the two R's you want to pay most attention to is the Renovate and Refinance.Most investors make the mistake on the renovate or refinance and sometimes both.You also have to figure out if your buying as a Primary or investment because if you buy as a primary you always refinance before you rent. 

The $10,000 spent on “education” was spent to learn a specific method, technique or strategy.  

Quote from @Jonathan R McLaughlin: @Billy Knox You said: $12K passively invested in the S&P (literally just buy the index and do nothing else) yields an 11% annual historical return.Careful man, that is only with reinvested dividends...actual historical return is closer to 7% with more volatility than people think.

Anyone have some go to methods to figure out vacancy or have some first hand knowledge of the Nashville market for MTRs?

There just are far better and less expensive methods now.

Here are some methods I have used so far.Free Sources:- information, or free internet search like switchboard.com- pipl.com (not too bad for free - finds social networking sites too)- Courthouse records (shows previous subpoena addresses and if they have a driving offence their date of birth in my county.

DSCRThere are multiple considerations to optimize the refinancing portion of the BRRRR method.

I have experience with fix & flip/rehab loans and DSCR - big hitters for the BRRR method! 

I finished your book the other day, "Real Estate by the Numbers," which has allowed me to add a few more powerful metrics to my underwriting methods.