Plus, with fewer building structures to upkeep compared to apartment complexes, your repair expenses remain relatively low.Mobile home parks also have the potential for high returns.

Instead of leaving equity tied up in the property, you can refinance and put that money to work on your next investment.Advantages:Leverage: You’re using borrowed money to increase your purchasing power.Long-term Wealth: By holding rental properties, you benefit from appreciation, passive income, and tax advantages.Scalability: The ability to keep reinvesting capital makes it easier to scale compared to traditional buy-and-hold methods.Is BRRR Right for You?

Create a simple spreadsheet or written list to compare the features of each and identify the ones that align with your requirements.

Would be happy to compare pricing options for you if you'd like.  

Compare the budgets, where is the fat? 

Here are a few tips to help you score that first deal:Network: Join local real estate groups and online forums like BiggerPockets to connect with other investors.Find Motivated Sellers: Look for distressed properties and consider sending direct mail to homeowners facing tough situations.Research the Market: Know your area’s property values by analyzing comparable sales using sites like Zillow or Redfin.Craft Compelling Offers: Highlight the benefits of a quick sale to sellers and consider a solid earnest money deposit to show you’re serious.Market Yourself: Use social media to share your journey and post flyers in local spots to attract leads.Stay Persistent: Rejection is part of the process, so learn from it and keep refining your approach.With your big business mindset and hard work, you’ll make it happen!

It may be a good time to sell when the market is experiencing high demand, rents have stagnated or decreased, and your property has substantially increased in value compared to its initial purchase price.To decide if it’s the right time to sell, compare the increase in rental rates with the increase in property prices.

I like to compare my condos to the JW Marriott on Marco Island.  

You are posting from College Station so you know our winters in texas are fairly short ( less usage) but either way I would compare cost of the heat pumps to regular furnace before deciding.

If it's 1-4 units, then you'll need to look at comparable properties, but with 5+ units you'll want to determine the future value with NOI and cap rates.