Just your basic 20% down get a loan, etc.I know there are 84 other variables that come into play in making the decision.Does the think tank here have any general pieces of advice?

Having said that, they know how the game is played and that they are messengers for their clients whether that is the buyer or seller.

The safer play is to use financing with healthy contingent reserves built into the loan.The other reason why I recommend using financing (and believe this is more important) is the banking relationships you will build through the process.

You can use a BP calculator to play around with scenarios. 

I just don’t want kids to play with it or someone to set it at 60 trying to cool it down fast, and then forget about the setting.

It's very hard to play the game of real estate without it, and I'd encourage all new investors to work hard to maximize their income upside, and work hard to get into a stable position before obliterating your DTI on a capex nightmare.

Once a town finds out you started without a permit, they can make it hard, so you have to play it up that you had no idea and the contractor did not tell you.ALWAYS.

It isn't a game that can be well played without spending a lot of time and or money. 

If you play your cards right with real estate you can reduce your tax bill significantly.

**Time and Effort**: The buy and hold strategy is less time-intensive, allowing me to focus on managing and optimizing rental income rather than undertaking extensive renovations and refinancing processes.That being said, I am interested in trying the BRRRR method in the future.At the time of purchase, I lacked the skills and knowledge necessary to attempt the BRRRR method without exposing myself to risks I was not prepared for.Hope that answered your questions.