@Bruce Lynngood post and great perspective. i think people underestimate the level of distress they need to engage with to truly BRRRR.to your point - if you can a 250K house, put 50K in, and end up with a 350K house - that's GREAT. 

Your feedback is welcome; it's essential to making this project successful.Thank you for engaging in this discussion.

Office space in NYC is a very particular sample.I would also argue that unsophisticated investors would typically not have the means to engage in repositioning an apartment complex.

Or you can engage in agriculture which will result in reduced taxes.

Add $800 for paint, floor covering and essentials plus my laborer for 2 days and my total cost was about $1400.I painted the 30 1200 to 2700 sq ft homes in Las Vegas with two helpers including ceilings and it never took more than two days to paint a house and that included removing all the electric wall plates, dropping ceiling light fixtures, removing smoke detectors, cleaning windows, installing new blinds, cleaning bathroom fixtures and it never took the 3 of us more than 2 days because I am good at knowing how to get the most from my workers like a Lakers coach knows which players to put on the court because the cost to do a paint job is not as critical as the time it takes because when I go to Las Vegas to manage a job I have to leave Los Angeles and my 20+ employees without my micro-management and "When The Cat Is Away The Mouse Will Play" if you know what I mean.I am a very difficult person to work for because I am 71-years old, a workaholic, a fast worker and when young workers are slow I fire them within minutes when they are working because I don't like to have to waste my time and stop the work I am doing to constantly check on my workers and I don't like to get emotional and have to keep correcting workers when they work sloppy and slow.

Demand is growing a bit and I think there is still a little room to go, but as I mentioned before there are a handful of big players in the market and they have a good handle on the deal flow. 

To leverage this benefit, prospective property owners must engage in short-term rentals and provide substantial services to guests, such as daily cleaning, meal provisions, or transportation services.Additionally, navigating a material participation test becomes crucial.

Definitely one of the more engaging Rich Dad books.

The savings in operational costs alone makes it appealing to institutional players.  

If they are breaking the lease in some way then follow the steps to correct that behavior.You may be able to evict if your lease stipulates that they may not engage in criminal activity BUT you probably must have a conviction in court to refer to.