This approach aligns with my personal goal to recycle as much cash as possible.

**Financial Security**: Being young and living in NJ, I want to build a strong financial foundation first to ensure stability before taking on more leveraged investments.This approach might be slower than the BRRRR method, but it provides peace of mind and a secure starting point for future investments.Pros and ConsPros:•Initial capital boost from flipping the first house.

By our estimate, it should take us about 10-12 years to payoff all the properties with this snowball approach.

Even if you have to travel a couple of hours, you have a much better chance of finding someone.How to approach a mentorOnce you've found a likely candidate, it's time to reach out and ask.

Can anyone provide their experiences using this approach?

No, I won't rub your ego about how smart your scared spectator approach to life is people, waiting for a guaranteed result before make effort.

It isn't THAT high.If I'm approaching it the wrong way and you have secret strategies you're willing to share, I'd love to hear them. 

I get these guys approaching me all the time with PM s here on Bigger pockets..

Renewal of previous leases are $300/year, roughly, but  - also according to the salesman - they keep tenants in-place 3-4 years on average.Other than those miscellaneous charges, they do have two interesting "guarantees": 1) a $5k eviction protection guarantee, and 2) another $5k in rental income guarantee - which I'm sure was something that stemmed from property owner's concerns during COVID.Overall from what I've seen/heard, Mynd seems like a great company if you want a full hands-off or out-of-state managament approach.

BP podcast guests talk about their experiences  how to approach and friend them nicely because quite frankly most of these home owners are in a bad situation are gonna be mean and take it on you !