If the permanent financing will allow you to recover most of your initial investment and the fair market rent covers the principal, interest taxes, and insurance with cash left over, you have a BRRRR.

it is illegal to offer Less than fair market value of any property in the fire area that is less than what the value was as of Jan. 6 2025. 

Every year they will perform another evaluation to ensure you and the tenant complies.Hello rich why would the inspector decide the rental rate I feel like that should be up to us to get the fair market rate 

Most traditional property managers don’t handle this setup due to challenges like managing tenant disputes, coordinating overlapping move-ins/outs, and the risk of Fair Housing violations when selecting tenants.

This is an obvious fair housing law violation because you are choosing which prospect get the concession.

I do have a few fair contractors. 

I know a lot of people want to make the seller hold the property 2-5 years in their name, but I don’t feel like that is very fair to the seller. 

So I would suggest keeping your STR property geographically close and doing as much as possible to keep your profit% high as possible.As far as the actual house you use, I would just say - be honest, be fair and strive for the best area, most amenities, cleanest house, best communication, and any other extras you can get.

You can identify good cash flow opportunities on a fairly large scale. 

.: Quote from @V.G Jason: Not really a fair question.The reason most people could invest in 2010-2020 was because of that (outlier) environment.