We are currently trying to acquire properties with consistent cashflow to give more flexibility for other investments that fluctuate more like STR.

My personal portfolio consists of 4 rental properties and a total of 8 units, with 5 of those units being utilized as a STR. 

You will need 2 years of tax returns showing consistent income.

I wanted to share a situation regarding a persistent water intrusion problem affecting only two units within our newly constructed condo building consisting of 12 units.

I moved from NorCal to live and invest in Reno, NV because I still wanted to be close to the Bay Area but wanted to have much more favorable landlord/tenant laws, low property taxes (that don't reassess on the sale), consistent diversified job growth, and land constraints for higher appreciation. 

Digitize physical receipts for easy storage.Additionally, youcan track income and expenses consistently, using software or spreadsheets.I use QuickBooks Online for most of my clients.

@Jamaar BrownOn a BRRRR if your not “All In” (purchase & rehab) at 70% of ARV you will leave some of your cash in the property when you do a cash out refinance into your long term hold loan for the property.It’s not the end of the world, but it’s a rock solid ROT if you want to consistently cash out all your capital back out on a BRRRR.

Definitely think a coach is necessary for a consistent career!

Long term tenants & consistent income Lessons learned?

I’m consistently between the Seattle WA area (also very expensive) and the San Diego area but open to better markets for investing.