Once I placed an ad for a 1BR apt, an open house and people started coming.

When I was renting (mostly houses), one of the first things I did when moving in was re-key the locks, then provide the landlord with a copy of the key.

I would suggest making sure that you are following a set format/style of house each time you flip to systemize it more2.

This has also allowed us to provide some excellent incentives for our investors, locking in long term debt currently at 3.75%  through our in house financing program.

Getting Fair deals on labor and repairs comes from developing win/win relationships with contractors.

For residential multifamily properties (1 - 4 units), can you use a home warranty to take care of the repair costs associated with rentals?

Be prepared to face fluctuations in the market, unexpected repairs, and tenant issues.

***depending on how far the house is from the coast, you mayalso be required to have a separate Wind or Hurricane deductible.

The interest rate is 7%, so we suggest this property is for someone who wants to get into Lease Options and meets the other requirements such as adequate reserves and credit.That means, they buy the property, they wind up with $50,000 in equity and they do a Lease Option to a buyer who doesn't currently own a house, but wants to.

At 29, I’m working toward retiring in 15 years by acquiring 10-20 rental properties using house hacking and the BRRRR strategy.