This means the homeowner must reside on site during the guests’ entire stay.

We know this because we stopped and asked the those tenants questions about rent, time of stay etc.

These situations are tough, but staying organized and pushing the process forward yourself will make a world of difference.

The homeowner's policy requires us to rent it for a minimum of 30 days and stay in it a minimum 1 night/year which should not be a problem.Both of these are a fraction of the ridiculous quote I got from Proper and much less than Steadily's quote so I am planning to go with State Farm.

If it’s just cosmetic, like a fresh coat of paint or minor fixes, it’s probably worth it.

There's also the benefit of staying more hands-on with your property.

By taking the equity from one property and reinvesting it into another, you can continue building your real estate empire without constantly injecting fresh capital.Why BRRR Works for Real Estate InvestorsThe BRRR strategy allows investors to grow their portfolios faster because it leverages the property’s equity to fund future deals.

PS: Looking to stay local.

BRRRR:Flip: Yields a potential profit of $55-60k after capital gains, assuming rehab stays within budget.

I target C+ class hoods that seem to have tenants that stay much longer so my turnovers are almost zero.