I've been using the BRRRR method more recently with some success.

I wish you great success!!!

Most PM software allows late fees to be charged.Ours allows us to absorb the cost of tenants paying electronically thru the software - it usually wants to charge tenants, but we want them to pay electronically.We manually charge tenants a Processing Fee for mailing in their rent, a slightly lower Processing Fee for depositing to our bank.Your success will depend on the Class of your tenants.

Btw, your or anyone else’s success can NOT be guaranteed by any guru, mentor, course, etc.  

Regardless of having or not a license how do you make sure the first investment property sets you for success?

Owner occupied advantages are sadly not available to me, but if you have any other strategies that you have had success with in certain markets in Providence let me know!

They also benefit from strong schools, which can be a huge draw for long-term tenants.While you may not achieve high cash flow immediately in these areas, the property values and rents tend to appreciate steadily over time, aligning well with your goals.

But I do hope to offer some quality feedback for folks who are learning the industry and working towards success.

I believe that mindset and preparation are critical when starting a real estate portfolio, as they set the foundation for sustained success. 

With thoughtful planning, you’ll be well on your way to building wealth and achieving your goals.Good luck!