David Greene mentions that to see results using BRRR…you have to increase profits and decrease basis.

Hi Jesse,Maybe Co-GP with someone who has successfully Value-added with re-habs on apartments of this size.Because based on this question, I'd say your chance of coming in on budget and on time is very low (especially with Covid shortages).Using an architect to help with color, landscaping, office design and decor, etc...might be worth it.This is a big project and in addition to handling the actual rehabs, you have to be concerned with your renters inconveniences, 7am chainsaws, water and electric shut offs, downed laundry faculties, pounding and buzz saws whirring all day long.You have to have a plan to appease their anger over this--or they will move out (when they would have stayed), increasing your turnover and decreasing your estimated cash flow.Having a management company that is familiar with re-habs might also be a help--some may also handle the re-hab for you for a (% fee).Good Luck!

Yours will be slightly more than that because if the owner had a homestead exemption, then the assessed value is decreased by a certain dollar amount, usually $4,000, and then the taxes are calculated.

If you buy in a location where prices and rents are increasing below the inflation rate, your only option will be to decrease your standard of living over time.

Pending Sales decreased 27.0 percent to 562.

In my limited experience I would say that if you go virtual in a different market (say a smaller city with lower priced homes) you'll generate more leads, but you may struggle with disposition as there is less Investor activity from your potential end buyers (Small,Med, and Large Flippers, Institutional/Hedge Fund Buyers, Turnkey Operators..etc) On the flip side if you stay in the more competitive market it will be a grind to get those first few leads and to secure a contract but your odds of not being able to dispo it should drastically decrease (Assuming you have a discounted deal in the right area) and that check should be NICE. 

As @Ashley Cross said, pull your equity out as soon as possible to ensure you can move on to your next property incase your cash flow starts to decrease.

@Daniela R.If the market crashed because interest rates rise, the value of your home will decrease but you still may be better off buying now as your monthly payment may be less.No one can say whether $225,000 is a good price or not without knowing the neighborhood and property you are buying.Each market is different - a $225,000 in Neighborhood A may be paying too much but in Neighborhood B would be a good price.best of luck

The big problem I have with rent control is as prices decrease less people invest or want to put money into properties and hurts first time home buyers and people getting started.  

My other reason is the likely potential to decrease the resale value tremendously due to the impact on future STR’s in yucca valley.