When someone books one of our listings, they get an instant greeting message, then they get another message the day before their booking with check in instructions.

Houses are typically 10%, a building of this size could cost only 5-8% of the monthly income for property managementYou can force appreciation to boost the value of the property, resulting in: Instant equity that you can borrow against to buy other propertiesThe opportunity to sell in 3-7 years for a significant profitHigher valued property means higher personal net worth – a higher personal net worth means you are able to buy higher priced propertiesDisadvantages 15 tenants to deal with15 toilets, sinks, etc. to deal withHowever, with a good property manager at the helm, you wouldn’t have to deal with the two items above, my property manager wouldMore activity because more tenants (again see the third item above)Requires stricter, more focused asset management skills and heavy oversight of your property managerPLEASE NOTE: I made the examples simple to illustrate a point and are not real accurate on the specific costs involved.

To me this could make most Turnkey deals instantly become not even worth looking at.

So, after discovering the BRRRR method it all made sense to me that it's just a flip but instead of selling for instant profit you'll refi the property and hold it for long term gains.

I know my market well and after I rehabbed my primary residence I had 60k of instant equity and I know there’s more work to be done in my area. 

Some even already have tenants so instant cash flow is possible.

You COULD save up for 6-7 years and buy another, but any time you can find a way to build instant equity and pull capital out - it allows you to scale horizontally quicker. 

If on the other hand the value goes up by 5% in the next year, you've made an additional 7% on your money, in addition to the 42% you made instantly. 

It was a great value add opportunity that we could acquire and have instant equity in.

I use an investigation company that does a more comprehensive check not just the instant credit/background.