Plumber will have a curb key so they'll be able to turn it back on to figure out where the leak is.

Thank You  @Wale Lawal and @Robin Simon Yes I am leaning towards BRRRR, though still figuring it out as to criteria of how much distressed a property should be or how to determine how much work it needs.

Right now we're in the red, which we figured.

Lower-income renters tend to generate significantly higher maintenance and turnover costs.I thought the same thing.Paper figures always look great but real life is different.If I get any one of our investors 8% net net year after year, I pop the champagne.Not an easy feet at all...

I specialize in investment property loans, and I’m happy to help you figure out which loan type would fit your strategy best.Also, regarding your question on meetups—there are some great real estate investment clubs in North Texas (Dallas REIA, for example) that host regular networking events.

Here's some copy & paste advice we hope you find useful:----------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

I myself am into the six figures in losses so far...

If that is the case, are they using your actual rental rates to calculate the DSCR or the figures the appraiser determined?

We both have made compromises along the way.I think that’s completely right and one of the reasons you hear the horror stories about these things going sideways (there’s no established timeline for exit), it literally just goes until something breaks. figuring out the ownership structure, and thus the use/access, as well as the exit feels like the two biggest items to get extreme clarity around. 

Alongside this 5,000-square-foot Bird Streets home, buyers have the option to acquire three life-size Spider-Man figures signed by Lee.