I currently self-manage and even clean the units, since I'm young and hungry, and it's convenient.

It exemplifies the visionary thinking and risk-taking spirit that characterizes successful real estate investing — the ability to recognize the potential of undeveloped or underutilized assets and transform them into valuable and productive resources.Today, the legacy of the Louisiana Purchase endures, serving as a testament to the transformative power of strategic investment and forward-thinking decision-making.

I used this strategy a couple of times and is really powerful to take advantage of a lower interest rate and lower down payment. 

Set up appropriate powers of attorney. 

I’m not sure what forms or agreements he is talking about but in KC if you are NOT the home owner, you must have an attorney appear in court even if you have a Power of Attorney.

I think BRRRR is a really powerful strategy to grow your wealth fast even tho the cashflow is minimal in the beginning ( giving that you will be 100% leverage if is done correctly).  

We are also going to repair and clean the home at no cost to the seller if he is There is also an addendum that says they are also entitled to the profits (split with us) if the home is sold by us. 

Ideally, the right company will handle everything from cleaning and booking management to on-the-ground troubleshooting for guests when needed.

And as the buyer (my colleague) is now getting closer to closing it's starting to look like it might be worth just cleaning the place out and doing a very low cost rehab (paint, pressure wash and handyman repairs) for a quick sale.

It's a super clean interface and leaves no doubt as to the status of payment.