In 2024 I can't do roofs anymore for 8k, so adjusting for inflation the 60k is probably going to be more like 80k.So how do you make this work long term?

I'm passionate about creating secure, long-term housing solutions that balance tenant stability with strong returns.

@Alex Lee203k is an amazing tool as long as you don't overextend yourself financially. 

I have them tell me how long a project will take to complete, and then I add buffer days or maybe up to 2 weeks, depending on how long / complex of a project it is and potentially accounting for weather if it is outside work.

We do long-term rentals and practice BRRRR on every deal.

Property values here have a steady history of growth, making it a reliable market for long-term investment.2.Tenant-Friendly Laws: While this might seem like a challenge for landlords, tenant-friendly laws create a stable rental market.

MTRs fall into the standard long term rental( 30 day +) category and will follow those regulations set for Long term rentals.

It takes that long to pay off your closing costs, rent-ready costs, early turnovers, etc. 

The long hours and dedication will pay off as you learn the ropes and prepare for your first investment.

If you feel confident in the tenants signing those long term leases, this is a slam dunk and you'll have a cash cow on your hands very quickly!