In my market, I only have one vendor qualified for appliance warranty work, and the warranty companies paid him half his standard fee for each service call. 

The total mortgage interest paid on a $150,000 loan at 4.3% over 30 years would be approximately $117,231.  

From experience, I’d recommend getting pre-approved, improving your debt-to-income ratio if needed, and researching local assistance programs.

Let me enumerate the reasons:1) my pm paid for the damages.  

I discovered this property through an acquaintance when it was nearing the end of pre-foreclosure.

I live in Honolulu currently but used to live in Tokyo (mother is Japanese) and still travel there on a regular basis (pre-Covid).

Tax structuring and LLC advice you can get for a paid fee too.

I closed a deal from a BP lead this year and paid for the whole trip.  

I cashed out one little condo (rental property) at a time and paid the the taxes to do so.

While I would have built $150,000 in equity, the cash flow simply doesn’t work.Now, let’s compare this to the market conditions when BRRRR was highly promoted (pre-2020).Interest Rate: 4.75%Monthly Payment: $3,057/monthRent: $3,600/monthIn this scenario, I’d be making over $500/month with $23,000 left in the deal, resulting in a gross 26% cash-on-cash return—an excellent deal.As you can see, rates and prices play a critical role in the viability of the BRRRR strategy.