Hey guys I am the process of doing my 4th investment deal. 

Similar process.

Hi community, I'm in the process of acquiring my first STR property in Joshua Tree and have met with a co-host that I really liked.

The process requires some knowledge from your agent. 

For illustration purposes, the investor with engineering and/or construction background may excel building in a market where there is ease in doing business and can build efficiently whereas the doctor may have greater success in the established market where significant barriers already exist but can afford the entry price and can ride the waive of continued appreciation and offset their high salary by depreciating the expensive building they acquired.  

A key consideration here is the refinance process.

Perhaps the land attorney can use this lack of curb and gutter as incentive in negotiations, which the engineers were quite confident they would be successful with.

-repeat the process every year by acquiring one house every year with the appropriate income qualification

Slowly build out a repeatable process...if you continue to change things (as in different types of properties, different levels of renovation, different finish material, different neighborhoods, etc.) you create more variables and make it harder to solve to the problem.I am a math guy and less unknowns/variables you have the easier the problem will be to solve. 

Do you find that lower down makes it harder for a successful BRRR?