@Anthony Sigala that "Rule" was created for mostly Class B properties BEFORE the Great RE Crash of 2008-2010.Values after the Crash dropped so much, that it could also be used for Class A rentals.Values are now more than their pre-crash highs, so the rule now only applies to Class B & C rentals.How are you identifying Class B & C submarkets in your area, so you can properly apply the rule to the right rentals?

Below are some actionable steps I plan to take after identifying a market:- find a rock star agent by referral and/or calling brokerages and asking to connect with their top producing agents- find a rock star contractor by referral and/or yelp- have control over construction by setting per diems to incentivize contractor to finish the project on time, within budget, and with good quality- leverage my rock star agent's time to check up on the construction process (checks and balances)- hire independent handymen/inspectors to check up on the construction process for a flat fee (checks and balances) There's competition everywhere, you won't escape that in any market. 

An immersive 8-week virtual summit designed to help you identify opportunities, avoid costly mistakes, and build lasting wealth in 2025 and beyond.

She has a deep understanding of the local markets and can help you identify properties that align with your goals.I’d be happy to set up a call to discuss your plans in more detail and share insights about neighborhoods, strategies, and what to expect when you visit.

New to real estate and have quickly zeroed in on using the BRRRR strategy in great areas, one of which I have identified as New Haven (East Rock or Westville neighborhoods).

This extra year gives property owners more time to schedule inspections and make necessary repairs.Key Points:Applies to multifamily properties with three or more units.Covers balconies, decks, and elevated elements made of wood or similar materials.Inspections must be completed by licensed professionals and repeated every six years.Hazards identified must be repaired promptly.With the extension, now’s the time to plan ahead.

Could you kindly suggest the best resources or methods to identify comparable properties in the area?

I then sift through these properties and use my development skills to identify properties that have the potential to be developable for residential purposes.  

Educate yourself enough to be able to identify if a property does or doesn't align with that goal.

Central Florida is a solid market with strong rental demand, especially in growing areas like Orlando, Tampa, and Lakeland.Focus on building relationships with local agents, lenders, and property managers—they’ll help you identify good deals.