I'm in the process of completing my first BRRRR and though I know the money is sitting there in equity, it's hard to watch the money leave my account!

Write out clear SOPs for every process, hire great team members, and hold them accountable.

Which is easier to deal with than a non paying tenant.Once they're gone, you'll need to tighten up your screening process or find a PM to take over.

I don't think it should matter if the deal is seller financed, cash, or hard money; the title search and insurance process should be the same.

Maintaining that relationship beyond just the lease up process and whenever the tenant has a maintenance issue or lease expiration completely changes the dynamic of the relationship.

Looking to learn about things like out of state investing, house hacking, scaling portfolios, building a team / process.

It no longer makes sense to buy here.Anyways, we are in the process of liquidating most of our assets here and our plan is to start buying in Indiana.

Yes, you should be fine to place a tenant as long as you’ve already submitted your application for the lead certification and are just waiting for it to process.

Keep it straightforward at first, but know that experience is the best teacher—mistakes are part of the process and will help you learn.For ARV (After Repair Value), start by running comps (comparable sales) on recently sold properties in the area that are similar in size, style, and condition to your planned rehab.

Quote from @Thu Pham: Hi community, I'm in the process of acquiring my first STR property in Joshua Tree and have met with a co-host that I really liked.