A year later, we bought a single-family home a block away for $120k that we renovated and rented out.

It is right across the street from the beach (you can walk to it in less than 30 seconds), so it is very close, but one building in front blocks most of the view of the beach.

Purchase price: $300,000 Cash invested: $45,000This house was the ugliest on the block, but we saw it had good bones.

It's mostly a market for the corporate investor in multifamily--think blocks of garden apartment complexes.C is lower middle class and lower class but safe. 

You also have some new development happening in the area.The first property and second property are just 7 blocks apart, north south along the same cross streets.

The reason I picked Xero (to use with HR Block) is because I saw all the horror stories on the Quickbooks support page for how Turbotax (the company that owns QB) won't import from the QB export file (has to go through a conversion step).

If you buy two similar homes on one block and flip one (to get the highest sale price) and BRRRR the other, you just did your own work giving yourself the best appraised property which will help you complete your BRRRR at the highest level.

I’m sure BP has great systems in place to prevent this, but they can’t block it all.

I went through this same mental block process before buying my first investment, but I'm finding myself with larger blocks for BRRRR, not sure why.Thanks for your help!

This can differ significantly from one geographical area to another and sometimes the difference is block by block so make sure to check with your agent for that local knowledge.