The 1% rule is doable, but don’t just go off that—focus on areas with strong rental demand and where tenant quality is solid.

Here's some copy & paste advice we hope you find useful:----------------------------------------------------------------------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 Class A property in Class D area, what quality of tenant will you get?

Are their listings detailed with good-quality photos?

Nashville is a very pocketed city when it comes to neighborhood quality especially in relation to crime rates, overall aesthetics or available amenities.

Deciding between an SFR or a BRRRR strategy can really depend on your risk tolerance and the type of cash flow you’re aiming for.The BRRRR method can be great for long-term equity building and maximizing your returns if you’re up for a more hands-on approach, especially in markets where property values allow for renovations that increase value.

I will even go as far as paying for the UHAUL for local moves and using the proactive scheduling method..."

You could even define quality metrics for some of these tasks to avoid a party doing subpar work (e.g., all guest questions must be answered within X hours/days).OWNER USE: What if one party wants to use the property during the highest demand time? 

If your local law allows it, see what everyone else is doing and go by the norm. 3 months rent is a substantial amount for some, but really helps ensure the financial quality of a tenant.Sometimes I have immigrants who apply who work their tails off and can't afford the 3 months up front.

I've gotten to know the syndicator, the methods and the underwriting used.

You could even consider an AirBnBRRRR strategy, which combines short-term rentals with the BRRRR method.