Pay off student loans Spend more time with family Pay off car 2-3 fix and flips per year 5 buy and holds by end of year 5 (can be SFR or MFR) LONG TERM (5-10 yrs.)

As someone who spends a majority of time at work, I'm currently in the exploration phase of understanding the real estate landscape, particularly the BRRRR strategy, and how it might fit into my lifestyle and commitments.1.

The reason cities are spending millions of tax $$s to reopen dead hotels and take over community centers in poorer neighborhoods is to force housing space at any cost.

Think of stuff like rotting wood on porches, etc. that no owner wants to spend big money fixing due to the low cost of the property.

@Brynn KurtzI would do additional research and learn how many people today are buying housing with none of their own moneyAlso even if you were to do this, you still need money to invest in real estate as properties need constant repairsThe most frequent mistake I see is people take these guru programs and spend all their $ on the guru and have no money to invest in real estate

Furthermore, this method shields my owners from any potential fair housing violations since I am a principal in the contract and liability would end with me and not pass to the owner.You are correct that generally you will spend around 8%-10% of the monthly rent to hire a property manager.  

But the Seattle City Council should implementsome simple reforms before spending more public money just to keepthe system afloat.Inits application for city funds, the Low Income Housing Institutenoted that it “faces serious issues regarding rent collection.”Tenantswho pay their rent typically pay on time.

You can spend as little as $100 to form an LLC, or you could use an attorney and spend $1,000 or more.

So, why is McDonalds still spending billions on advertising?

I'm local and definitely can see how that is a tough choice with the location.If it was by the numbers I'd say spend the money to make it worth as much as possible and try to sell, then use the profits to fund what you want to do next.