I often run into situations where I can't see nearby comps for a deal i'm working on that are within a 0-3 year window of being sold.

—half the battle is the mindset, and you’ve got that nailed.Start with the basics: understand your market, run the numbers, and don’t be afraid to ask questions.

You may need to lower the rent you are asking for by a bit, but it is way better to have a tenant using less water because they're the ones paying for it, than having them run the water for hours since they aren't the ones paying for it.

Here’s the 5 most clueless note investors I’ve run across1.

I do know of investors that do turnkey and do well over the long run, but short run there's really no cash flow.

we are using REsimpli for our CRM and they can pull data etc. its pretty much a one stop shop for running an investment firm/renovating/wholesaling.

You'll also make 6x more in rental income than if you successfully did 2 BRRR deals, all while being a passive investor.Just make sure you run the numbers for all of the above scenarios with each deal you come across.

Did people tell you you couldn’t do it because the market is at the end of a huge run?

Most of my clients run their SFRs at a 25%-30% (excluding vacancy/credit loss) operating expense margin and most of the banks I deal with on their DSCR loans underwrite using 35%.

If you find this is the case with a property you’re evaluating I would run away not walk as this can be a huge problem for future cash flow.