The short answer is I look for 9% min and try to press it to 11% with those strategies along with rental increases once improvements are made and the tenants know you actually care about the property.

So many people gloss over properties before truly evaluating their pro forma rent.Also, I think it's a great point about this strategy working in higher rent/gentrification areas of Chicago..it seems counterintuitive.

Evaluate and execute flips using software, monitor rehab, and plan exit strategies.

Pete, including Madeira Beach and Sunset Beach that our investors are buying to use the STR BRRRR strategy.

Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.

To echo what Robin said, house-hacking is a good strategy when you're just starting out.

I want to narrow in on using the BRRRR strategy, but turnkey rentals are also intriguing.

I was wondering how the midterm strategy worked out?

Perhaps you don't want your strategy to resemble that.1.

Also I’m curious, though: do you have strategies you rely on to keep projects on schedule, especially with contractors?