Make sure to communicate your BRRRR strategy with your insurance agent so they can recommend the right coverage for each phase.I learned this lesson the hard way: https://www.biggerpockets.com/forums/853/topics/1222933-my-b...

I am planning to get into the TN real estate market as my first investment and am looking for some information.In particular: Areas to steer clear of, property management fees, typical cosmetic rehab costs, etc.My strategy is to put large down payments on 2 properties (relative to housing prices) to help pay for my living in NY while still gaining appreciation in a growing real estate market.

There are so many great strategies to help you scale your portfolio, so I understand your desire to find the right plan and avoid mistakes.

Most ideal would be seller financing, but open to creative strategies for a cash-flowing property. 

Hi, We're looking to invest in properties in Detroit preferably with the BRRRR strategy. 

What type of investment strategy do you focus on?

I have a great planning tool that could help you with planning your acquisition strategy for the next 10 years you might find helpful.  

Also, have you considered a specific investment strategy (e.g. rentals, fix & flips)?

I agree with the house hacking strategy.

From what I’ve seen in Bloomberg, it also doesn’t hurt to keep tabs on any shifts in local buying trends.One more thing I’d consider is the exit strategy.