Then when its done you can use it as a STR, vacation home, or transition into a long term rental.   

This would give you more legal standing if they don’t leave on time.Walkthrough: Ensure you do a thorough walkthrough with your general contractor once the seller is fully out to assess any new damage or necessary changes to the scope of work.Planning ahead like this will give you peace of mind and reduce the chances of things going sideways during the transition!

There was actually even an Airbnb on Meharry Boulevard that was targeted by thieves while guests were inside.I have found some great returns for clients in transitioning areas but would say it seems to be a bit too risky for the time being. 

If you are going to complete the BRRRR method in a lower tier neighborhood, select a neighborhood with the fundamentals that indicate the neighborhood will transition to a neighborhood where home ownership will become more prevalent.

Usually people have an exit strategy if the STR does not work out and can transition to LTR or MTR

Hi All,I have just started  a career transition and excited to be getting into the real estate industry.

Without that existing network, I’d find out-of-state management much more challenging, and I generally wouldn’t advise OOS management for new investors who don’t have reliable local contacts.Currently, I’m in the process of transitioning my properties to a local property manager.

The last thing I’ll add is your objective even when you buy in C or lower class neighborhoods is to invest in neighborhoods that have the fundamentals that suggest they can transition to at minimum a B neighborhood.

Hi All,Posted the below on in a couple other forums in hopes to get more eyes but this seems like the best one for people just like myself.I have just started a career transition and excited to be getting into the real estate industry.

Most seasoned professionals in distressed real estate either transition from extensive careers at real estate firms or legal offices that deal with foreclosures and similar issues.