Rate and price play a big role in BRRRR.

Becca, the strong play in the Bay Area is value add.

Its comical how few people understand how luck in a particular economic cycle plays into their successes. 

Vrbo and Airbnb do not play around when they see you taking direct bookings from guests who found you through their platforms. 

Would you say Cleveland is more of a long-term play with steady and slow growth? 

Generally speaking, Boston proper is an appreciation market (low cap rates) unless you have a solid value-add play.

and I was just one little mortgage guy with 450 loans out.. can you imagine the banks with hundreds of thousands of loans and servicing companies.. so having mass equity or paid for keeps this from ever being an issue. then when I sold these off.. most for cash but a lot I did a 30 to 60 month ZERO interest deal on.... and boy you should have heard the cash flow cool laid drinkers..

I also understand accounting and legality may play a role.

These will be LTRs and I will most definitely be playing the long game with these.In addition, as rates go down in the future (hopefully) I plan to refinance as most of us do.

I was thinking - go ahead and sue, when discovery comes into play and they have to testify under oath (for example were they raising money properly and how were they managing money) - many will not want to answer that question while on the stand.