If you just hire the cheapest or first PMC you speak with and it turns into a bad experience, please don’t assume ALL PMC’s are bad and start trashing PMC’s in general.

Why is the 50% rule so negative while the cash flow is positive?

There are a lot of opportunities to keep it full while negating the full time management/customer service aspect.

Doing a LTR would likely be a negative cash flow. 

We are in the DC area and I have never heard negative comments about them. 

@Jordan G. if you're not putting any bedrooms down there, generally speaking you should be allowed to finish a basement.

I've been looking at off market properties in Austin TX and the surrounding areas and have seen that due to the high demand so to speak in this area the prices for a BRRRR property would mostly be around $300K or more, with the exception that I've seen a few properties in the low $200Ks.

I made above market rate rent over 2 years and I vaguely can deduct how much they grossed and they were probably negative cashflow a little as the business became less lucrative but with all the nice furniture they invested, it should be either breakeven or lost money.

It may also help keep the litigation target off your back.As always, check with your competent legal counsel--not all attorneys speak fluent "trust function and formation".

@Ryan KonenOne that we believe goes overlooked is courage and the courage to speak up if you have an opinion as well as be open to feedback.As a ceo I am not perfect and do not know it all, If someone disagrees with me - then say it - and know there is not a backlash or repercussions for disagreement.