Quote from @Bree Jimenez: Hello everyone, my name is Bree I am a new investor looking into get my first rental property and try the BRRR method what tips and advice does anyone have when getting your first rental property?

Quality furnishings, attention to detail, and seamless operations helped set the property apart, maximizing its earning potential.

I can assure you will find alot of helpful tips and information here.

Any tips or advice would be super helpful! 

Welcome to the community and be ready for a huge amount of information at your finger tips.

Hour 2 goes by and we're looking at each other with our hands in the air "why is this taking so long?!"

@Mattin Hosh first, most cities in Metro Detroit have some type of rental property inspection every 2-3 years.It's not really a big deal 99% of the time - especially for owners who are NOT slumlords:)Also, a quick Google search will show that several states/cities are passing/considering similar legislation.One of the biggest mistakes we see newer investors making is NOT properly understanding Neighborhood/Property/Tenant Classes and naively assuming that any rental they buy will deliver Class A results.Read our copy & paste thoughts below and DM us if you'd like to dicuss more about the Detroit market:)-------------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

basically if anyone has any tips when it comes to researching plots of land in order to make the right purchase i would greatly appreciate it get with a realtor. we underwrite land at no more than 10% of after built value. in our market we build under the average new build value which is about 515k. we like to be around 420-450k and smaller footprint about 1500 sq ft with attached garages. we build close to urban core where everyone wants to live and net migrations match up. but suburban is fine. if you give more context I can help but in most markets land is a buyers market. most people aren't looking at it or buying it. 

Hey gang - A partner and I just started a local RE investor meetup.Q: For anyone that attends these regularly or runs one....what are some of your best practices/tips/tricks to keep your audience engaged and growing?

As for the rest of it, you can find a lot of useful tips on past forum posts along with podcasts and youtube material on the topic (BP and other RE sources).We've self managed STRs for a few years.