I'm not as familiar with Cincinnati, but I have seen many headlines about the city's growth. 

Like any city, there is dilapidated housing stock in rough areas that can cost more to upgrade than they are worth. 

We haven't even discussed carriers raising their rates due to their reinsurance carriers increasing their rates, your building locations (CA, FL, NY, coastal counties/cities, etc.), how litigious is your state, your own loss history/ratio as an individual investor, the carrier's overall loss ratio in a certain state/area, the deductibles you've elected, etc. 

@Justin Goodrich I can speak for a lot of investors and say our biggest problems are out of our control. 

Part of this is regulations in my city, but after having done it this way, I wouldn't ever want to do it with a single family home.

Faced with mounting expenses, extended timelines, and diminishing returns, we ultimately decided to sell the property instead of continuing with the BRRRR strategy.The Insurance Mistake:The biggest lesson I learned was that I had the wrong type of insurance.

No issue with the city since lease is 30+ days.

The biggest challenge was addressing unforeseen structural issues, which ate into the budget.

The biggest challenge was addressing unforeseen structural issues, which ate into the budget.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.DM us if you’d like to discuss this logical approach in greater detail!