Lastly, plopping down 5% points for a marginal savings on a monthly payment might not be the most effective use of those funds, maybe being able to buy the next a bit quicker would generate a higher return for the cash.and no, I do not believe we will see rates below 5%, and the fed has never had any control over mortgage rates with the fed funds rate as that is the shortest possible rate overnight borrowing between banks.

If I go with the BRRR strategy would love to hear some tips on how to successfully manage the rehab remotely. if you have money you could potentially lose to learn quicker start with the BRRRR method.

High rent growth areas are likely to achieve positive cash flow quicker than low rent growth areas.  5 years for cash flow seems reasonable in many markets.  

It's a numbers game for certain so the more you see the quicker you'll be able to identify a good deal.

I think inventory is going to stay low so the quicker you can turn it around, the better and I agree, you will be in good shape when you go to sell.

Curious on ideas for resolutions?

Based on recent data, there are specific zip codes in Philadelphia with lower Days on Market (DOM), indicating strong rental demand and a quicker turnaround in finding tenants.

You are trying to do all of these strategies to get to freedom quicker, but you are probably in your 20s.

& different parts of the asset can be depreciated on different schedules.To find out the useful lifespan of each component, you do a cost segregation study to analyze all of the parts.The raw land can't be depreciated so you start by giving that a value first.But other items can be depreciated on a quicker timeline.A roof, road, sidewalk, fencing, walls, gates, doors, latches, flooring, air conditioners, pavers, curbing, landscaping, etc.The IRS has a depreciation schedule for each type.Some parts are 5 yrs.

The quicker we close, as long as everything aligns right, the better it is for all involved.