Conceptually you want to take an approach that minimizes your need to be on site - and for that reason I would advise against BRRRR.

@Tony SchmuckerFrom my experience of working with over 400 investors, your strategy to relocate, house hack, and transition properties to management is a strong, methodical approach.

I'd rather invest with the local 26 year old who lives in their second house-hack, drives their 10 year old car, and is raising their first small apartment syndication that they will self-manage, putting their own money into the deal, than some 45-year old guru who's secret sauce turned out to be their ability to charm on TikTok, but really, their approach to deals ended up being the "secret" to transforming $300M in real estate into $215M between 2021 and 2025.  

Historically, the spring market in Las Vegas is one of the busiest times of the year, and we’re already seeing signs that this year will be no different.Although the current rates are presenting a challenge for some buyers, the pent-up demand from the past few months combined with the stability post-election is propelling the market forward.

Challenges?

Challenges?

Challenges?

The challenge with unsafe areas is (1) potentially higher cost of maintenance such as broken windows, etc. and (2) this is by no means meant to be discriminatory but anecdotally from people I've spoken to the challenging tenants tend to be at the lower price points.

Challenges?

Challenges?