You building and handling the rental, hanging signs, etc is an orange.

Electrical contractor quotes me $5k but noted he could do it on T&M at a reduced rate.

Is it to build up assets, is it to make additional income, is it to reduce your monthly housing spend and save more money, is it tax breaks/benefits? 

The seller was aware of work needed and priced it accordingly but was willing to reduce the price point for an all cash deal.

You don’t have to leverage it up all the way to reduce cash flow.

The reason to do so is not necessarily to reduce cost but to be efficient.

If you're comfortable taking on more effort for bigger rewards, BRRRR might be the way to go.From a tax perspective, BRRRR may be better because you can potentially benefit from accelerated depreciation on the property, which can help reduce your taxable income and give you a bigger tax advantage compared to a turnkey property.

You certainly have a good skillset and occupation match to handle it, but let me say something that others might not say.

., “Enterprises” or “Holdings” instead of “Real Estate Investments”) may reduce perceived risk.

This log should include:•The date of activity•The property worked on•Specific activities performedExamples of activities that typically count include approving tenants, setting lease terms, handling repairs, and other hands-on operational tasks directly related to managing the property.