The seller was the original developer that had owned these properties for decades.There was no underlying flaw or hidden upside that would drive this behavior.  

That is why I posted - hoping to find out where exactly my analysis is flawed.

Every system you try will have flaws, or you may salivate over a feature that appears in other software.Some familiar names are mentioned frequently: Stessa, Apartments.com, RentRedi, TenantCloud, Innago, RentManager, Avail, Rentec Direct, Doorloop, etc.I recommend conducting thorough research on each app online to understand their offerings, pricing, etc.

Don’t Skip the Home Inspection: Always get a thorough inspection to uncover any potential issues.6.

I commend their effort for getting up and taking action, but many don't do the necessary homework and instead rely on YouTube gurus.Occasionally, you can find great deals from a wholesaler, but be prepared to spend a lot of time sifting through subpar offers to uncover the gems.

The area I'm looking at seems to have high demand without being overly saturated yet, at least compared to Joshua Tree, Gatlinburg, Moab, and other hotspots.I'm still crunching numbers though, and if anyone can point out a flaw in my reasoning I would be grateful.

Ask questions, uncover why they want to sell. 

A simple Google Search will uncover these facts.BTW, I am not looking to do commercial real estate.

Maybe start with uncovered then add covered as time goes on.

Thanks for the reply You are not messing up the BRRRR, but your post is titled "My Flaw With BRRRR"?