However, a common benchmark is aiming for at least 6-8% cash-on-cash return based on your total investment (purchase price + rehab + closing costs).Always factor in appreciation potential, tax benefits, and personal risk tolerance.

In 2008 when the stocks went down, I realized my 401k was invested with a person I had never met.

I have a lot of personal experience with BRRRR—both from building my own rental portfolio here in Memphis, TN and from helping both local and out-of-state investors successfully scale their portfolios using this strategy.One of the biggest advantages I’ve been able to offer my clients is structuring deals with hard money lenders in a way that allows them to acquire properties with less than $10,000 out of pocket in most cases which results them in massive cash on cash returns!

Personally, I’ve been exploring opportunities where growth patterns and infrastructure expansion hint at future value increases.

For me personally with the lessons I have learned - I would build capital before buying anything to hold / flip.

Meeting the team personally has some value but I have worked with dozens of investors who have never been to Memphis and never meet me face to face. 

To me personally as well I found it was more important for what I do to cultivate commerical bankers and those relationships so I could get access to bank rate capital and lots of it !!

I actually had a fire MYSELF, yes personally. 

You look like the kind of person who is going somewhere.

Ultimately it would boil down to your personal risk tolerance.