Our strategy is to buy and hold, benefit from the positive monthly cash flows, and sell after about 5 years of stress free property management.The issue I am having is selecting finishes that are reasonably affordable (dare I say cheap), durable for renters, and still get top $ on an appraisal when we go to refinance. 

Our strategy is to buy and hold, benefit from the positive monthly cash flows, and sell after about 5 years of stress free property management.The issue I am having is selecting finishes that are reasonably affordable (dare I say cheap), durable for renters, and still get top $ on an appraisal when we go to refinance. 

Six more years into a bull market later and liquidity is splashing around with too much money looking for too few deals. 4.5 cap is the new 6 cap, private placements are getting more and more daring and early bearish signs are coming from the stock market.This year, specifically this past week, I think we've seen the first of the smart money locking in their multi year gains and getting more defensive.

If you are unlicensed I would pretty much dare someone to take out a TV ad a property they don't own.

The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood; who strives valiantly; who errs, who comes short again and again, because there is no effort without error and shortcoming; but who does actually strive to do the deeds; who knows great enthusiasms, the great devotions; who spends himself in a worthy cause; who at the best knows in the end the triumph of high achievement, and who at the worst, if he fails, at least fails while daring greatly, so that his place shall never be with those cold and timid souls who neither know victory nor defeat."

Dare, Allen Jones at Allen Jones Insurance can help you navigate the claim and give you insight on coverage.

You may want to rope in someone more experienced or dare I say an agent to help walk you through this process on the first couple deals.

They wouldn't have dared color on the walls, flushed Ducky down the hole, or anything else. 

Keep evaluating deals and then when you find one with the right margins and a decent exit strategy dare yourself to do it :)Good luck on this journey it's a very exciting season.

And dare I even bring up the compound interest of having $30K to invest for 20 years.