Stop hanging out with your deadbeat buddies who spend all day drinking, talking sports, and otherwise wasting away.

I’ve heard a lot about BRRRR, fix-and-flip, and rental properties, but I’m curious about what’s working for you all right now.I know from talking to people that some have gotten into bad deals while using their own money, and I’m worried that using bank funding and ending up in a bad deal could make things even worse—not just for the investment but for the relationship with the bank as well.I’m just trying to make sure my clients use this funding in the right way, without getting themselves into a tough spot.

The website looks like it covers all of this, but I haven't seen a lot of talk about it.

I would also be careful talking to property managers - they may have no problem telling about "other" buildings, but change of ownership in their own building is a threat to their livelihood.

Try to talk to a lender or two to get a real concrete idea of what you can do.

There is a 2 family we are in talks with acquiring for 200k.

After the showing we stood out on the street and talked through the deal.

I've just been reading Nassim Taleb lately and he talks about this kind of situation all the time. 

In the meantime we are talking to the property manager to find other STR's in the area so we can support a fair market STR rent. 

And then shut up until they talk.