I just can't pass up the chance to build something brand new for the cost of what some of the renovations to pre existing inventory I have acquired needed.I am confident that once I am able to scale, this will be a very lucrative strategy when applied with discipline and forethought.As always, I welcome your input, BP!

The biggest is, you will hit scaling challenges quickly.

Wife and I are using this first property to test the niche of 'up-scale' rentals.Recently a property was brought to my attention and I jumped without looking.

Anyone who understands what is going to happen to electrical systems with the large scale introduction of expensive renewables such as wind and solar knows that power bills are going only one way - up.

Hello,I am analyzing my first property with the Bigger Pockets Rental Property calculator but couldn't seem to get over the hump at what annual property taxes are for this large scale of a property?

Economics of scale really shows if you do your due diligence.

I ran into a lot of construction problems this year when I tried scaling from 3 - 5 projects to 20-25 projects running at the same time.I have done a lot of flips in over the last sixteen years but I think BRRRR is an easier way to learn construction.On a flip, you have no room for error.  

I hope to scale up quicker than most, not in quantity of deals, but in size.I am also very interested in learning how I can utilize my accounting knowledge to add value to JV's, partnerships, and other investors.

As you go down the scale of desirability, the price goes down, until you reach the small station, in a bad location, hard to get to, in a low income neighborhood, with environmental compliance issues.  

Achieving economies of scale may best be attained through volume, but learning how to do it on a small scale will pay generous dividends later; pitching the concept to investors will be much easier when you can show concrete results, and extrapolate from those results instead of being forced to rely solely on projections from a concept.