One property every 2 years, buy and holdStrategies I'm interested in: BRRRR, House Hacking, Long Distance RE investing (because the Utah market is insane)Hobbies: Surfing, flowboarding, travel, art, recycling, DIY, creative problem solving, snowboarding, being outside - basically I'm a hippie with an entrepreneurial mind___________________________________________________________________________________________________________This is not my first introduction to real estate.

@Brayden Currey,This list is a few years old... if you want a current list, swipe a "Scotsman Guide" from the reception desk and/or recycle bin of your local retail direct lender branch.

In either scenario, after you rehab the property and place a tenant you get a longterm loan on the property (ie conventional or portfolio loan) and pay yourself back (ie recycle your capital) or pay the HML off and continue to hold the property, ideally still cash-flowing once the property has longterm debt on it.

But going down and buying $3.00 icebags or a cheap mini fridge to protect something that is not "Butter, Milk, lunchmeat and eggs" is important.

@Cody DeLong I would use hard money if I had to, calling either Milk St. or Lincoln.

Maybe the seller hasn't bothered fixing it because he thinks he can't raise the rent so instead of keeping up his triplex he is just milking it dry and trying to sell what's left.  

You gave a bowl of cereal with no milk.

However, you can keep recycling your money, whereas generally people who are getting those higher cash flow-year-olds have to leave more of their money in the deal, and usually they run out of steam once the money dries up

The old appliances & scrap metal should be going to recycling on Wed.

I have looked at Craigslist and see most tenant are required to pay for utilities, water, recycling, yard work, etc but not all are setup this way.