Residential multifamily properties cater perfectly to this demand, offering flexibility and scalability in rental income.Lower Barrier to Entry: Compared to larger multifamily properties, acquiring a 2-4 unit property in San Antonio often requires less upfront capital and financing is more accessible.

I'm more interested in this approach vs REITs/ syndicates, because I reckon with the right partnership, I stand to make far more by not paying such high fees on those traditionally passive options.

There wasn't a lot of features compared to OwnerRez.

The housing market here tends to be significantly more expensive compared to other regions, and this definitely impacts renovation costs as well.Given that the home I am considering is around 3000 sq ft, the $250,000 renovation budget might seem more reasonable, especially in CA.

Refinance:- After fixing up, the property's new appraised value (or After-Repair Value - ARV) was $312,500- Lender was able to give me 75% of the appraised value as the conventional loan- Conventional loan was $234,375 (0.75 * $312,500), and they gave me back the difference between this conv. loan and the short term loan ($234,375 - $212,000) = $22,375 to me as loan modification- Refinance closing cost (incl. appraisal and others) was $13,502Overall BRRR Analysis:Purchase cost:           $32,598Amount on rehab:    $14,091Refinance closing:    $13,502--------------------------------------------Total in the deal:      $60,191Loan modification:  $22,375(Lender gave back)--------------------------------------------NET IN THE DEAL:   $37,816--------------------------------------------Why is BRRR so great compared with conventional?

. - Comparative Value : RV Park, Storage Facility, Industrial, Warehouse, 5-100 unit multi family anyone?

And newbies who don't have quarter million dollars in their checking accounts shouldn't compare themselves to big guys when they make their first steps and have much less to spend on marketing.You are right about tax advantages of selling the property as "lease option" versus cashing out your income as wholesaler and being taxed on it.

To piggyback on what most of the others are saying, stay calm... a tenant being a day or two late when they have a five-day grace period is nothing compared to some of the challenges that you will face.

I have been through numerous CRM reviews but many seem to be affiliate/promotions in disguise or at least lack objective comparative context. 

No matter how long a guest stays compared to policy there will be an explanation or excuse or expectation that you will look the other way.Hopefully people understand that with you living next door there will be more enforcement of the rules, but you need to figure out what you can tolerate becuase they are going to push you to the edge and trying to be ultra strict may backfire.