His style of investing and the things he's accomplished is legendary, and exactly what I hope to be able to do someday.

If I were you, I would stick to the better situated markets and if the flip model is not working, focus on different strategies until you can make it work with necessary margin (especially on your first project where there will be a learning curve).

I always use property management, and until I have better data, ill always model expense + rent loss + cap ex at 50% of gross rents. 

I wanted to see about an additional income stream with turnkey flipping( rehab a unit and sell with a tenant) and possibly keep some flips in the process (a BRRRR style if you will).

Hard to believe that many didn't underwrite the deals better.I guess it can be missed but you gotta account for "Black Swan" event's Jamie Dimon style like the current interest rate fiasco.7 years fixed is no where near as 30 years fixed...Now the pants are down ehhh 🤷‍♂️

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(keep reading to end)And it’s not just shelter, it’s transportation thats heating up NBA Jam style.

I would start getting rent rolls and historical financials and building out a model from there to then used as a basis for marketing materials for syndication.

This strategy is great, but it fluctuates depending on the time of year, you probably won't live for free because it is more challenging since you are only Airbnbing a small space or basement unit.4) MTR - this is a good in between style of creative strategies since you can furnish a place nicely that would rent out on Airbnb but you want a long-term high quality tenant like a travel nurse or corporate rental that stay for 2-3 months vs. under 30 days for most Airbnbs.Combining strategies is the best way to go, ideally, you would find a property with a separate entrance or walkout basement, live upstairs in the one of the bedrooms, rent out the other upstairs rooms and STR/MTR/LTR the bottom unit.

Finally, each owner needs to carefully research anything related to their properties before they do anything, and not base their model on the points I highlighted to @Patricia Smith