So buy smart to avoid an area or property that section 8 folks will turn up their nose at.

Son we wanted to make an offer site unseen but listing agent said "no, see first". 

I'm also hopeful that renters who are more likely to host frat parties 8 nights a week are less likely to try to rent under the owner's nose.

Plus the meter on the pole would then be scheduled sometime later although we already had the underground line ready to hook up.My wife contacted a guy that worked for that same utility whose daughter she had treated & splinted for fractured wrists from an ATV fall on a Sunday afternoon.He showed up with his crew 2 days later & installed a pole at no cost & that same day he ran the lines & we had power at the meter. 

So I see you reside in Valley Village, Cali and I live in Cleveland yet but you have a better nose for what the taxes would be, which shows me how much I have to learn, how did you arrive at those numbers?

So yes you have picked one... and have actually acted on doing it, now keep you head in the game and keep you nose to the ground looking for more deals.  

I'm looking to BRRR  as well but at this time if you want a good location your gonna pay through the nose.

It's a great accountability item if your reach for nose-bleed rents on re-list and that allocated fund is rapidly going to $0, it tells you cut-it-out and listen to the market, adjust your pricing, get it leased NOW. 7 UNKNOWN unknowns: This is literally that, I call it "Plan-Z", some call it an "OH SH#T fund", whatever you name it, it's exactly that, an allocation for what we don't know like a moratorium due to a pandemic, just sayin. 

Finding an investment property that makes sense is not easy work so you need to find an agent that is willing to put the nose to the grind to find you the right deal.

@Mike DymskiLong time no see!