What’s decreasing basis in the BRRR method and any examples would be a good help as well.

Here's the population growth over the past decade:Athens 32.8%Madison 23.5%Huntsville 13.6%Florence 3.6%Decatur -2.2% (yes, the population has decreased)That trend, to me, is quite concerning."

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.

If you refinance that amount (with costs coming out of your pocket or via a higher interest rate), PI at 3.5% for 25 years on $183.5K is $919/mo.PI decreases $24/mo because you've extended the loan by one year but didn't cash out or raise your rate (in this illustration).  

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.