Quote from @Devin James: Quote from @Andrew Syrios: “If you want to increase your success rate, double your failure rate.”- Former IBM CEO Thomas Watson This is my first time hearing this..

The unfortunate reality is that the BRRRR book made a lot of sense when it was published, but with the high rates now, BRRRR is much harder to accomplish.

Once that extra rental started generating income, he realized the higher interest rate was just a temporary hiccup on the way to bigger returns.In your case, maybe look at a structure that keeps your best cash-flow property on a lighter refi (say 50% or 60% LTV) while you go a bit heavier on the one that’s not producing as much right now.

The environment now with higher interest rates and higher purchase price does make it more difficult but definitely doable. 

Such cities tend to have lower prices that rise slowly due to limited demand.

Rising home prices for developers isn't new, but if you were in contract, what they did is most likely illegal.

I've always found inventory rates (and how they've moved over time ie previous 1-2 years) to be the starting point for where a market's health is at.

From what I've been reading, cap rate is not a reliable metric for STRs.

That it can impact your 5 star review more than what you can charge on a daily rate.

It's crucial to choose a market with steady job growth, low vacancy rates, and tenant demand.