Quote from @Michael Paling: Quote from @Jaron Walling: We're fans of the eastside of Lake Michigan.

The tax income from one $600k obsolete dilapidated victorian on a huge lot grown over with weeds pales in comparison to $20M condo or apartment building on the same space.

The small increase in rents would pale in comparison to the cost of converting it to a duplex.

The professional fees could pale in comparison to what you'll owe in taxes if you don't do things the optimal way.

Quote from @Michael Paling: How many lenders have you talked with?

For example, I have seen things as bad a turnkey companies not accounting for maintenance and repairs in their numbers... stuff breaks in rental properties and you need to get it fixed.I have also personally found that returns you can get from a turnkey company today pale in comparison to what you can get even just on MLS (zillow, etc).

I'd go with pale yellow and white. ....I've always wanted a yellow house trimed in white....

That said, the returns they offer pale in comparison to what you can get by doing a little work on your own and buying deals off the MLS.In any case, we love to talk all things real estate and love to help others getting started in the spirit of giving back!

There are numerous people that successfully BRRRR themselves.I agree with @Michael Paling, especially when he mentioned renting out the additional units after purchasing a multifamily property.

Sure Dunkin Donuts has some drinks but pales in comparison to what Starbucks offers.