If we do a good enough job, which we have a track-record of doing, we can pay for the fixed overhead, and still turn a profit that hits our barrier-to-entry metrics.

But good enough for only working 4 hrs a week. 

@Zachary KoranSome BRRRR deals if good enough wouldn't require a down payment where you would only need to pay for points and interest on the deal, but these can be hard to come by depending on your area.

I would make sure they make a good enough income for the rent you are commanding, that their job seems more secure and they have a good credit score. 4. 

But there is no obligation to invite me into a deal, although if I am asked to verify it and I don't request to join, that's their clue that I don't think it's good enough to buy!

NOPE, wasn't good enough and the HOA continued to fight me on it. 

If the deal is good enough, it's not hard to find a buyer.

This was a good enough deal that even with today's guidelines of 75% X 2500 = 1875 may still have worked too (a smidge off).So while the post is all rosey and rah rah there are somethings to consider in today's environment when utilizing FHA 3.5% down to purchase a 4 plex.

Was it because my dad wasn't good enough or smart enough?

So if you find a good enough deal then you should be able to BRRRR your way through a few 2-4 unit homes, living in each for whatever the required time is for the minimum down payment and getting them cheap enough that you can get all your cash back out when you refi.Regarding cash flow, I also live in an expensive market (Hawaii, although nothing like NYC of course) where most condos start around 300-400k but I was able to find an anomaly building that is not pretty, it’s mostly section 8, and units sell for 100-130k and rent for 1600-1700.