To illustrate this there are probably 50+  active MLS properties in North Philadelphia/South West Philadelphia and other lower tier neighborhoods at any given time where you can complete the BRRRR  method but the real estate is lousy.

I have not bought anything that’s already built or in another state but trying to find another state with lower barriers to entry.

These expenses would lower your taxable income and further reduce your overall tax liability.

Lower your pricing to undercut your competition.Doesn't matter if your pricing is set high if you have lots of unbooked days.

@Sean Hoglund  Assuming the prior years tax value is lower than your purchase price as in your example, you want to file your ATI Exemption before Jan 31st following your closing date at your county's Assessors office. 

Could pay cash for everything to get built and lease up to break even and then cash out refi to pay them back and possibly (obviously could be worse too) at a lower interest rate then now.

A lot of out of state investors like the good land lord laws we have a lower taxes. 

If you pay them diret and hint to them the comps you suggest because you're trying to come in lower, then they are more likely to do that.To me, I would just use a couple of low end sold comps and call it a day. 

In the process of BUYING a PURE Option to buy a SFH subject to an existing loan (at a lower fixed long term interest rate)Let say the OPTION "Strike price" to BUY the property IF or WHEN the OPTION is EXERCISED is $300K The seller wants $60K to sell us the OPTION.

I am assuming 10% vacancy, 10% repairs.A couple things just came up during inspection and I will likely try to get a lower price but I don't think I will be able to get it.Should I just go for it anyways?