She also touched on the rising cost of property insurance due to climate change.

It wasn't worth having a claim on our insurance record, and the deductible was not close.  

I don’t know anything about running gas stations but if you do, I recommend getting extensive insurance coverage for environmental land contamination. 

The inspector might have screwed up which could put their insurance at risk.

insurance?

Your expenses (property taxes and insurance) are always going up. 

@John UnderwoodUnderstood, but do you think it should ever cross my mind in the future to dive into the STR realm so I can maximize tax-write offs (Passive losses offsetting active/earned income) from my Job later or just stick with the good, stable, LTR’s? 

It defers taxes and lets you get into a more stable property.

Higher Operating Costs: Investors may face rising property taxes, insurance premiums, or utility costs, which cannot always be offset by rent increases under rent control.

Here are the variables you'll need:ARV (After Repair Value)Estimated Repairs (add a 10% contingency)Estimated RentPurchase PriceEstimated PITI (Principal, Interest, Taxes, and Insurance) on the refinance sideIf you know these values and ensure that your all-in cost (purchase price plus repairs) is 75% or less of the ARV, and that your rent will cover PITI + vacancy + maintenance + property management, then it's a deal worth pursuing.The BRRRR model is a fantastic way to build a portfolio and is still very feasible—even in 2024.If you're interested in more info, feel free to shoot me a DM—we can connect, and I'd be happy to assist you.