I am targeting properties with two or more units and ideally a garage when I look for rentals, and there are many of these within the city that will cashflow.

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

Our fund offers an 8% pref and is targeting 10-12% overall annual returns.

I have been searching every property in neighborhoods that I am targeting in Harris County.

What locations, property sizes, and target groups work best?

Then evaluate what went right/wrong and execute at least four more BRRRRs in 2025.Hi David, you should start building your team - a reliable GC, a lender who understands the BRRRR strategy, and a PM who knows your target market.

and some of the rules target corporations. 

Recommend: target Class B properties, maybe Classs C+ in gentrifying neighborhoods.Run your calculations BACKWARDS to determine the purchase price for the ROI YOU WANT.Make that offer.Repeat as many times as necessary until an offer accepted.Before the 2008 Crash, we used to plan on writing 100 offers, to get maybe 10 accepted, to actually close on 1 property.It takes work to be successful!

You may want to consider targeting 3-6 months of reserves to cover all your expenses, so you can survive surprises.

Also added EV outlet for tenants to target those with EVs as willing to pay more in rent due to having their own charger option.Thanks for feedback on EV outlets versus chargers!