Not sure I understand / agree with your assertion of BRRR as just an exit strategy.

Clearly they don't really understand the role and what it entails. 

@Rebeca PerfectoWhat especially catches my eye is that your second option has so much square footage and needs so much work, yet you are considering offering such a high number.As well, I am curious if you have had anyone inspect the foundation issues of either property and what the repair entails/costs.

However saying that bubbles or crashes don't exist is ignoring forced circumstances that wouldn't normally occur in the cycle....such as aggressive sub-prime lending......I think saying those words are for people who are clueless is a little bit of an arrogant assertion to make on a forum filled with MANY successful real estate professionals. 

I know some people like dealing with the section 8 housing in lower income neighborhoods and I know there's money to be made there, but I am just not up for the additional work that they entail right now.

Judges typically assert a carpet has a 5 year life regardless of the material you used.

What does that actually entail?

Because B&H will entail lots of landlord/tenant interactions, Human Factors can become a stimulus to the question.I was an absentee landlord/operator and it was a 2hr drive for every onsite visit -- did that for 19yrs.  

The rule does not allow landlords to charge applicants for credit reports obtained from local or regional consumer information databases, credit brokers, resellers, criminal background checks, reference checks, and sources of other personal information not contained in one of the three listed national credit repositories.My understanding is that anything collected with the application above and beyond the $20 would be considered an earnest money deposit which entails an entirely different set of hoops to jump through.

Feel free to shoot over any questions you might have to me personally at my email.Or if you want to learn more about everything it entails, you can join our early bird list at 6figureflipper.comI've been through a lot of courses and masterminds myself and I really want this one to be different and "Fresh" compared to some of the archaic "gurus" and courses out there.