When we did it, we did score some great deals, but what we found was that we were visiting so many properties to understand our "strike price" (the maximimum we would pay for the property when taking into account rehab costs, hold times, interest on any debt, closing costs, real estate commissions, a contingency reserve for "unexpecteds", etc) that the math started to not make as much sense.

In 2017 we started our journey with long-term buy-and-hold investment properties in the Memphis, TN area after selling a property that we were losing money on every month in NOVA that we purchased as a primary residence in Jan 2007 (talk about all-time bad timing) and then had to move with the Navy in 2009 (2nd all-time worst timing).

It’s great to see that you're interested in flips, long-term holds, and multifamily/commercial investments.

If you don't hold you accountable, if you don't push you, well, the worlds happy letting you be a bystander to life. 

Write out clear SOPs for every process, hire great team members, and hold them accountable.

Are you looking for long term rentals for buy and hold?

If my goal is turnkey/buy and hold properties, should CoC really matter?

ARV: Be conservative on your ARV since the appraisal concerns one person’s opinion.Timeline: Whatever a contractor says, add 4-8 weeks and budget for those holding costs. 

New to RE investing, have watched tons of BP episodes.My goal is to pursue mid-long term buy and hold rental properties, either single or multi-family.

Especially if you plan to hold onto this property.