If we go by the BRRRR method, we're already going to buy and rehab it, then would it not make sense to just flip it at that point and cut out the need to deal with tenants, home damage/repairs, refinancing, etc.?

Purchase price: $150,000 Cash invested: $100,000 Recently completed a purchase and renovation of a multi-family house in Cleveland Heights, Ohio (BRRRR Method).

What can be done is switching to more risk averse investments (property quality, location and financial structure) during the later stages of a cycle.  

This stability can significantly enhance the quality of life for tenants, offering a sense of peace and financial predictability.However, as a landlord, this 5% cap limits my ability to adjust rents based on market conditions and rising costs, thereby reducing profitability.

The BRRRR method could potentially allow for quicker expansion by leveraging equity to buy more properties.

If you have a good product and provide good service, you'll appeal to the masses and then you'll have a much higher quality tenant base.

My preparer reached out to the ONE guy more familiar with commercial knowledge at another local office, and the following method isn't quite what Mr.

Even full-price managers are hit-or-miss when it comes to the quality of services.

Do you have any thoughts on using land comps as a way to value purchase price of mobile homes vs other methods like direct cap etc?

Grand Rapids is definitely a good market for multifamily investment as it has also seen rent growth unlike other parts of the country for multifamily.It is also a more affordable place to invest compared to other parts of the country and Grand Rapids is generally landlord friendly.A quality property manager is essential for an out-of-State investor and there are some good ones locally.To Your Success!