I'm not local to the area, and am not familiar with operating expenses for these types of projects. 

I feel like every project has its curveballs, and sometimes it’s the unexpected stuff that teaches us the most.

Hey Matthew,I work a lot in the Detroit market, specifically on BRRRR projects and with Section 8 tenants.

Commercial: LOIs signed to lease 50% of the vacant space and project to lease the remainder by Mar-25.

Have you done your analysis and see what the avg nightly rate is, what the occupancy rate is?

I have my sister who will be helping me to manage projects.

Commercial: LOIs signed to lease 50% of the vacant space and project to lease the remainder by Mar-25.

What are the best strategies you’ve used to minimize this risk and keep projects on track? 

My  ultimate goal is to buy and hold but with the higher interest rates I am trying my hand at flipping since its difficult to cashflow with a long term rental.I am  about to complete my first flip project and  wanted to weigh my options between selling or keeping as a mid term rental. 1) I am curious how the market is fairing particularly in Garland Texas.

@Ximei Yue,You mention that your job is demanding—do you think you’ll have the capacity to handle a time-intensive BRRRR project on top of that?