I’m in the great spot of having found a couple of good deals and naturally I want to do both, but would like some input from more seasoned investors.

Naturally I would also have to keep buying assets as to prevent having to pay taxes on my annual income of $1M.  

I realise that you have California and Florida that matches Spain's climate, but the culture naturally is different here, and that's what makes it interesting.US citizens can of course invest here the same as any European.

That’s the beauty of the BRRRR method – you’re building equity and generating cash flow at the same time.So, in a nutshell:Equity: The $50k equity left in the property.Cash Flow: The ongoing rental income after expenses.Keep leveraging these strategies, and you’ll see your portfolio grow steadily.

And I upgrade to a decent level because apartment grade is crap, at least the beautiful SS ones in my “luxury” apartment were.

My husband and I are in the same boat with a VA loan, and being told that since we itemized and deducted so many repairs, etc last year from our new rental that we can not count any of the 3k in rent towards our income, and so the 2850 mortgage payment doesn’t offset and therefore ruins our chances of getting a mortgage :(  If you can show the repairs are one time in nature, not just typically maintenance , you can add those losses back.

Feel" the true beat of the portfolio's income and expenses performance before using leverage to speed up the growth of your portfolio.Using cash only will protect your bottom line in scenario's like yours when the properties don't perform as expected as you won't be on the hook to cover the mortgage expenses.Just my bias opinion so take it with a grain of salt.I've also witnessed many finger pointing instances when others get involved.Like a new property manager, realtor, contractor, etc...I've had my share of bad experiences with realtors that threw my company under the bus and got in the investors ear to flog it at any price just so they can make a quick commission.It get's very messy, painful and pretty much turns into a disaster with the investor not knowing who to trust or what to do anymore.Similar to what you post about has happened to me and my company many times and if allowed the opportunity, we do our best to fix and come good.Some loose trust and faith and I 100% understand, but as soon as someone leaves the wing of my company there is not much that we can do because as I mentioned above, everyone else get's involved, has an opinion and the situation get's very messy.Having in-house property management is vital when such a "crisis" arises.I tried out-sourced PM when we first started and it was a disaster.We had no choice other than to bring it in-house.Hated my life for the first 5 years with in-house PM and fast forward 10 years, it has become our "golden goose" and a very well streamlined and beautiful business.From what I've seen and read on the forum and elsewhere it seems like RTR has a good reputation and what you have mentioned seems like a "worst case scenario".I hope RTR will assist you the best they can and all I can say is learn from the experience and don't give up.Do your best to weather the storm and focus on minutia.Don't have regrets and don't spend too much time dwelling on the past.Glimpse into the past to get guidance from what you could have done better and think ahead.Move forward smarter, more experienced and better.Wishing you well and much success with your future endeavors.

Hello everyone,I've been closely examining a property listed on Redfin and am curious about the estimated rehab costs for a project of this nature.

There are problems and risks involved that is the nature of it.

From the living room, step out onto the large deck and soak in the beautiful mountain views and fresh air; a great way to unwind at the end of the day!