Now is the time to dive deep into researching the markets you’re considering.

First, deep relationships with people so that you know them well, they know you well, and relationship continues for many years.  

I would pick a market area you like and start doing a bunch of deep dive deal analysis, but from a rental and not a life style standpoint.  

Thats not my model and homes at that price point havent penciled out for me but im very much doing BRRR in my market with properties that do pencil. we add ~50k-60k of equity per BRRR on properties around 200-230k ARV  You can definitely create equity in D.C. though the 200k listed above is highly unlikely, the biggest issue is at those price points you are deep in the red cash flow wise after refinancing. 

I like the asset class IE not C class in the deep south.

You are in a deep **** if they declare tenancy and eviction can be extremely painful.

They batch the deposits together and you have to go deep into the program to determine which tenant made the payment, that was deposited into your account.

It’s great to see another agent specializing in investment properties here, especially someone with a deep understanding of the Washington market.

Regardless of legal nuances, I can tell you from extensive professional experience: Don will WIN an IRS audit for his Subject-to interest, as long as he can show that he made the payments..I agree and my experience is, that the person who can show he made the payments gets the tax write offs.I think there are two questions: 1. who pays the payments and gets the write offs (the audit side)2. who is in deep doodoo if payment doesn't get done or if the seller disputes other "facts" in the transaction.

. - not having a strong or deep 'why'.