**Essential Coverage**: What are the key components of a comprehensive landlord insurance policy?

It does sell quickly, but you are out the 30K you could have had if you were just a little more patient.

@Sharon Patterson, any rehab is a "project" and basic project management principles state that there are 3 key interrelated aspects to all projects: time, scope, and cost.

As rental rates progressively outpace expenses over time, the growth in cash flow can provide a reliable income stream.In line with my investment approach, I focus on these three key metrics when conducting property analyses:Initial Equity at the End of Year One:This equity can result from either a down payment or improvements made during a rehab phase.

The key IRS provision that governs this is in Section 469, which outlines the passive activity loss limitations.

Systems and SOPs are KEY!

I have heard the key to making the money is in the price of the land.

Remember, successful investing is a marathon, not a sprint, and patience and consistency are key.

I own 12-doors in Detroit and work with a ton of out-of-state (OOS) investors.The biggest key to being successful as an OOS investor is having a strong team to work with.

Generally, for the optimal refinance, these are top of mind for BRRRR strategy investors:Return of capital: The key “secret sauce” of the BRRRR method is to build portfolios using the same capital over and over—which relies on getting your basis (or more) back on the refinance, where basis refers to the money you invested in the property (down payment and cash used for renovations).Speed: Refinance lenders use the term “seasoning” to refer to the amount of time (typically in months) between the purchase of the property and the refinance.