Hi Amir -A good place to start with BRRRR in DFW is by building a solid team: investor-friendly agent, lender, contractor, and property manager.

Buy and holds is the key to true wealth with all the benefits of depreciation, appreciation, loan pay down by your tenants, leveraging the equity, cash-flow etc etc, but it often times isn't the active income that pays the bills until you build up a portfolio and even then there's the tenant management or managing your property managers.That's why I'm involved in all 3.

We run into this especially at out parcels in grocery anchored centers, and our users generally can't make a ground lease work for the business case so the next best thing does tend to be the BTS or we often do Reverse BTS deals where the majority of the building design and management etc is done by the tenant. 

Quote from @Carson Hyland: Even if you buy the right property, failing to manage it well will kill your cash flow. 

I follow the letter of the law( no matter how much I may not like it) that's part of my risk management and my reputation.

I am based in Virginia and licensing requirements here seem manageable.

If you're in it for the long run you'll learn that management makes a good investment into a great investment.

@Steven Wetherillwhat about property management?

It’s been a while, but I finally managed to get back into the BP forum—great to be here again!

I currently manage a long term rental and working on a single family home fixer (will probably convert to rental in the future) in Cali.