You will be raising the rent over time and when the time comes (whenever that might be) you will be able to refinance.

I’ve “heard” you could live there for a year and then go some where else however you can’t pull out another FHA loan with the exception of moving somewhere to work or having an increase in family size.Any advice on what a good way to start is with no real capital to your name (to BRRRR) and no credibility to raise money?

You might do some value-add type rehab, raise rents, reduce expenses by upgrading systems, appealing assessments, shopping insurances, etc.If you can find a deal now and you work that deal, it should on average get better over time ESPECIALLY when you get that opportunity to refinance at a lower rate.

Most new development is well over this mark and, since there aren't likely to be many more complexes built that offer decent living conditions for lower-end rents, there is probably some room to raise Class B/C leases in the coming years as more people move into Louisville.And, if things do decline, the "luxury" crowd is going to be looking for cheaper digs. 

We have the rare guest that breaks into the pool equipment room and tampers with the pool heater to raise the temperature.

They claim that the replacement cost has gone up 400k since the policy was written, and that they had just raised rates this past January.  

I'm particularly passionate about wholesaling, marketing, and finding ways to raise capital.Outside of real estate, I enjoy being outside and enjoying my wife and three boys.Excited to learn and connect with you all!

@Marcus AuerbachThank you for raising these questions.  

Additionally, Avail announced it was raising prices to $9/month in July 2024.

Am in agreement with @Theresa Harris ... rents should be raised, if not to market rate, to at least cover the mortgage and real estate taxes and HOA expenses.