Less Desirable Areas: Are there neighborhoods we should avoid or areas where BRRRR might be less effective?

We do have a property management company and even with our experience with LTR's, just no way we could effectively manage this home without local property management. 

With those, the HOA fee's usually have a big negative effect on cash flow. 

Real estate investing can be an effective way to build long-term wealth, and among the various strategies, one has gained significant popularity over the years: BRRRR.

That will likely be one of the side effects of improving your property and should be accounted for in your analysis.

It's hard enough trying to interpret the big picture, the less info they provide the less effective we are.Newbies; help us help you 

If it's more complicated eviction.com may be your best bet to use they are pretty cost effective.

These are two entirely different worlds that need two completely different skill sets to effectively manage.

Do you believe it will now be more cost effective to hold a license or do you believe the expenses will go up with what I assume will be a flight from the business by low producing real estate agents? 

Or we gradually perform high-quality updates for a live-in flip, then roll the equity into a new home.Regarding rental income, we aim to boost income, lower our effective tax rate by generating more low tax-drag income with rental income (since there’s not much we can do to lower out W2 tax bills) and have retirement cash flow.To compare the financial impact over 10-20 years, we want to analyze renting versus flipping.