Remember, the notion of amassing wealth without investing is a dangerous myth perpetuated by self-proclaimed experts.

Hey all - Stumbled into a new SFR net lease strategy after purchasing my first self-managed SFR in South Florida.

I have not paid retail for RE in many years and would not in my high cost market (average SFH is ~$1m).  

That is the sole motivator behind seeking out these markets and property types.

i self manage 1 property that i used to live in and have PMs on the rest.i'm trying to BRRRR so that i can recoup all or most of my capital on each deal that i buy, and in 2024 i got outbid on 100% of what i went after.

You want lower land cost with high rental demand unless you're a reno expert and flipper which not 1% of real investors are. 

Buy low sell high..

You are right about high risk of default.

He is a BP member and comes highly recommended by many here.

As for the rest of it, you can find a lot of useful tips on past forum posts along with podcasts and youtube material on the topic (BP and other RE sources).We've self managed STRs for a few years.