I agree with @Edward B. on simply making sure the numbers work, and not buying in high-priced markets. 

@Edward B.

Hey BP members,So I understand the concepts and numbers behind BRRRR, flipping and some other strategies but I am wondering which calculator to use, or what exceptions to make within another calculator to analyze a property I would like to acquire. 

Edward B, it depends on the nature of the option. 

I know the house hacking concept but we rent in a really nice neighborhood and we have no plans for buying primary residence, I was want to start rentals buy and hold for passive income later refi and get the next one ans so on....

Summary Statistics Sample Size20Max$2,272Min$1,200Median$1,475Mean (x̄)$1,55310th Percentile$1,23820th Percentile$1,30080th Percentile$1,75090th Percentile$1,925Standard Deviation (s)$281Standard Error$63Coefficient of Variation18.1%Bldg TypeAddressPriceSizeBedsBathsLast List DateHigher-priced listingApartmentE 34th St & Broadway, Bayonne, NJ 07002$2,0002 bed1.0baMar 2018Higher-priced listingApartment1141 Kennedy Blvd, Bayonne, NJ 07002$1,850805 ft²2 bed1.0baMar 2018Average-priced listingApartmentNewman Ave & W 3rd St, Bayonne, NJ 07002$1,350750 ft²2 bed1.0baFeb 2018Lower-priced listingApartmentW 19th St & Avenue C, Bayonne, NJ 07002$1,225900 ft²2 bed1.0baFeb 2018Lower-priced listingApartment601 Kennedy Blvd, Bayonne, NJ 07002$1,2502 bed1.0baFeb 2018Average-priced listingApartmentW 54th St & Kennedy Blvd, Bayonne, NJ 07002$1,3952 bed1.0baFeb 2018Average-priced listingHouseW 55th St & Avenue C, Bayonne, NJ 07002$1,8002 bed1.0baFeb 2018Higher-priced listingCondo26 Maritime Way, Bayonne, NJ 07002 This price appears to be an outlier and was excluded$2,6002 bed2.0baJan 2018Average-priced listingApartment498 Avenue A, Bayonne, NJ 07002$1,700900 ft²2 bed1.0baDec 2017Lower-priced listingApartmentE 15th St & Broadway, Bayonne, NJ 07002$1,2002 bed1.0baDec 2017Average-priced listingDuplexHumphrey Ave & W 6th St, Bayonne, NJ 07002$1,650950 ft²2 bed1.0baNov 2017Higher-priced listingApartment1040 Kennedy Blvd, Bayonne, NJ 07002 This price appears to be an outlier and was excluded$2,9001,243 ft²2 bed2.0baNov 2017Average-priced listingHouseAvenue B & W 45th St, Bayonne, NJ 07002$1,6751,000 ft²2 bed1.0baNov 2017Average-priced listingHouseAvenue A & Edwards, CT, Bayonne, NJ 07002$1,4502 bed1.0baNov 2017Average-priced listingHouseAvenue C & W 50th St, Bayonne, NJ 07002$1,6501,200 ft²2 bed1.0baNov 2017Average-priced listingDuplexHumphrey Ave & W 6th St, Bayonne, NJ 07002$1,500850 ft²2 bed1.0baOct 2017Average-priced listingApartment1111 John F.

@Edward B.

Nowadays is all about open concept and a big multi-function family room with an open kitchen.

I remember coming across the concept of Delayed Financing Exemptions during one of the previous podcasts, and I would like to connect with anyone that has acquired a property for cash up front to subsequently pull your cash back out by going to a lender and getting a mortgage on the property. 

@Edward B.I bank with chase and they will give you the option to lock into a fixed from a variable for the draw period.