One of the primary challenges they face is navigating the market without trustworthy contacts. 

In comparison, we moved out of our first Colorado Springs home in November 23' and we are just barely breaking even as a LTR. 

But I have read many topics on here, many investors facing difficulties with BRRRR now as the market is “not right” which make me have to think again about this strategy. (70% rule still working for this market?)

However, for the beginner investor looking for a "set it and forget it" investment a higher face value Cap Rate is not always a higher return over 5, 10, or 15 year time horizon.I sold a McDonald's last year for a 3.5% cap rate and received multiple offers at that price point.

There's a very good chance the issue(s) you face have already been discussed and answered.Ask questions in the appropriate forum.

So that would be my BARE minimum.

Your last comment put a smile on my faces James, I'm happy I made this thread!

I also loved how they stripped away the industrial grit of the seacans (Canadian for shipping container) leaving an elegant square of steel, wood and glass that gave off cozy mod vibes barely hinted at its supply chain origins.

If some sucker comes along and takes those fake numbers at face value, they will pay a higher price than they should (certainly they will pay more than you), and that idiot will "win" the property.

They are personable to family and caregivers - after all they will be the face of the business and will be giving tours and going over house info with potential clients.