We added significant value to the Water Street property by investing $25,000 in strategic renovations, which included modernizing key areas of the home, improving its curb appeal, and ensuring it was market-ready.

Establish a clear process for handling these requests and keep an emergency fund for unexpected repairs.Tenant Relations: Communication is key.

Or, is it possible to use a PML for just a downpayment for a turn key DSCR multifamily property not in need of any upgrades?

The key is to balance being fair with protecting your interests; consider what would motivate them to move and how much time they might need to find a new place.

The key for us was hitting the right pricing for our homes.

I wouldn't recommend BRRRR in random far away cities unless you're going to fly there and get to know the area really well and develop relationships with a trusted team (key word: trusted). 

You can create custom maps to mark areas of interest, track properties you're considering, and note key amenities like schools, shopping centers, and public transport.

We got to spend one winter in the Abacos, and one in the Florida keys.

Wait patiently for the tenant to buy real estate, then record the judgment in the county where the property is located in order to obtain your lien -- the balance of which has been accruing interest nicely in the interim.Anything else is a waste of resources.

For me, this statement is key, "The owner designated you as agent for the purpose (among others) of finding a tenant.