I asked  how many staff members they now have and was surprised to hear its still the same 3 partners with no additional employees or support.

Its to make sure you have enough skin in the game on this property such that when you buy the next one you're not going to be in over your ski's.Hope that helps, there are many ways to structure your situation so that you can bob and weave around these obstacles.

Local Resources: If you’ve invested in any of the markets you recommend, do you have suggestions for property management companies, lenders, or agents who are supportive of first-time investors?

Huge thanks to the community for all the support as I am glad to give back!

Google LLC announced Aug. 15 plans to invest more than $1 billion in Texas this year, its latest strategic goal focused on supporting cloud and data center infrastructure.Some of that investment will go directly into the technology giant’s data center campuses in Red Oak and Midlothian, both south of Dallas, which are helping the company meet the increasing demand for cloud and artificial intelligence services.

I’m not suggesting you can’t successfully complete the BRRRR method but if you are selecting your markets based on where that strategy is most attainable you’re going to make regretful investment decisions because most who chime in will promote markets where you will be able to obtain a favorable cash out refinance while ignoring everything else that supports whether the market has a good underlying investment thesis or has a a more attainable alignment of sale values and appraisal values. 

Hi All,First, thanks for the forum and tremendous expertise and support.

You should be looking for an area that you may want to invest in, live in, work in, and that supports your post-college life the way you want.

(List price is $619K)-- We are concerned about the monthly costs to support a hard money loan AND do a HELOC.-- Our current rental can support a higher mortgage payment (with the HELOC), and still have $200+ positive cash flow after the refi.b.

But if there are enough bedrooms or you get multiple homes, you will be able to support hiring a local manager to manage daily operations.