If have investment property, we are looking for relatively updated units (we are ok doing some work ourselves), class C+/B tenants, with rents either close to market rate or that can be increased.

Free nationwide Property Data, unlimited list building, and the best part...No Subscription!

HOW MANY RENTAL PROPERTIES DO YOU OWN?

Many months of costly vacancy, local market rent & resale deteriation, special assessments, property taxes and maintanance fees suggest a quick sale would have been the wise thing to do 2 years ago.

Buy: Finding the Right PropertyThe first step in the BRRRR method is to purchase a property.

As David indicated, look for properties before you close on the sale of your relinquished property. 

Paying 30k to put yourself in a position to "help" extremely vulnerable people by buying their properties for a price far enough below market value so that you can make a "reasonable profit". 

Hello, I have a property i purchased for $165k with an ARV of $350k.

I make loans on Memphis properties for investors.

For example, should we focus on acquiring one high-quality property in a strong market, or would it make more sense to spread the investment across multiple lower-cost units in emerging areas?