We've managed the renovations of 2 of the 3 we currently manage and one of the ones coming up. 

The only situation I would consider the time, effort, and cash tie up in BRRR deals worthwhile would be in larger value add opportunities.

It wasn't long after a good bit of offers that my first deal got accepted - a short sale on a condo that I would up living in while renovating.

I bought a few more duplexes and graduated into larger deals.

I ended up renovating the home completely and was able to increase rent and secure another 2 year tenant with three garages rented.

The key is really focusing on the right neighborhoods, knowing your numbers, and being patient for the right opportunities.As for the fix-and-flip market, the lower entry costs can definitely make it a great place to start, but you've got to be mindful of renovation budgets and timelines.

Then you could keep an eye on the larger house you're renting out - or vice-versa. 

.- Rental loss - PadSplit claims they collect 97% of rents, but I've spoken to a few hosts who have said that a much larger % of their tenants get kicked out owing $500 or more in back rent that is rarely ever collected - what's your experience been here?

I was the oldest boy so naturally I helped dad with all the renovations.

Primary Focus3bd 2 bth single family homes that are destressed, renovate, then rent to section 8 tenants.