@Sam HendricksenMultifamily is super competitive in this area and you have a huge advantage over your "competition" with the fact that you are owner occupying as most deals nowadays hardly cash flow. 

To simplify the scenario I'm envisioning let me put it this way: what does a BRRRR look like when one of the parties contributing to the down payment and rehab costs ultimately ends up being the renter as well?

Miami seems very interesting, but maybe too competitive... what do you think?

Every project needs a quote and you should be able to estimate the material costs.

I've been updating things that need it and lucky enough, I can do the work myself to keep cost down for now, only because it be my first rental.any advise would be much appreciated. 

While the borrowing costs are higher, I’m exploring strategies where the returns could offset this.

The type of the neighborhoods where his properties were located didn't fit in with my plan but he did well and the purchase costs were low.

First, the property management cost is only $3k for 8 units.

Now granted Google feeds them for free but those coders and tech folks put in some long hours and there is uber competition there is no punching a clock in those type of places..

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.