I know a lot about the industry through my education, but have very little/no practical experience when it comes to managing investment properties. 

I’m looking to connect with those of you who are actively using or interested in the BRRR (Buy, Rehab, Rent, Refinance, Repeat) strategy to scale your rental portfolios.Whether you’re new to BRRR or a seasoned investor, I’m here to discuss best practices, potential local opportunities, and ways we can collaborate to make your investments efficient and profitable.

Speaking with the seller's agent, all the tenants are current on rents and pay rents on time.

There's no current loan on it right now.

Brand new to real estate investing - I currently have 1 3/2 ranch in good market  (Greensboro/WS/ Highpoint) used for furnished medium term rentals. 

If you have multiple LLCs, best practice would be having a Plus subscription.  

What is your current rate and what are you being quoted?

How much below market are current rents?

Here’s the situation:Purchase Price: $540,000Down Payment: 20%Mortgage Rate: 7.125% (30-year fixed)Monthly Expenses (Mortgage, HOA, Taxes, Insurance): $3,706Realistic Max Rent: $3,000As you can see, I’m currently short $706/month even with max rent.

@Fumi Maher both are good strategies and we have clients doing both currently.