After moving out it would be cash flowing negatively around -$1,200/month before taking into consideration capex, maintenance, etc. but while living there and renovating the unit we will have gained approximately $125,000 in equity.Property #2: 3-bedroom unit with a separate basement entrance that could be converted into a 1-bedroom basement apartment, but in a slightly less appreciating neighborhood.

I would definitely get really solid on your expected rent numbers before you pull the trigger.

DSCRThere are multiple considerations to optimize the refinancing portion of the BRRRR method.

There are several key differences and considerations to keep in mind when investing in a larger building.First and foremost, financing a larger apartment building will likely require a commercial loan, as opposed to a residential mortgage.

I also spoke with a note fund that does not use leverage (which apparently is a trigger for UBIT). 

Carryover basis for gifting is one major consideration, but you may also wish to consider what transferring the value of the property now at a relatively lower value would do for her taxable estate and any possible estate tax owed at her death. 

I own flips and do rentals all in the Poughkeepsie area.You're on the right track just keep educating yourself and when it's time to pull the trigger on your first deal you'll be ready.Any other questions feel free to PM me.Kevin

Gatlinburg, Galveston, etc are oversaturated, competitive, and home prices have shot up considerably to where the numbers are tough to make work if you're just jumping in now.

Like many other community owners, I have looked to solar to improve safety in areas that would be hard to reach with current infrastructure.A few considerations are deciding how they will be mounted, your budget, and how bright you want them.

I don't think all properties need professional design, but it should be consideration for luxury rentals.