Its a whole different strategy, which makes it an opportunity as well.Still, there are hundreds of residences built in the 1950s and 1960s south of the tracks, especially in Gulfport and Biloxi, still standing after surviving both of these storms. 

It makes me nervous that one payment missing $150 is so impactful on your business model. I

We survived and appreciate everything we have earned or accomplished.

Way too many variables than saying oh well I got my rent, so I can survive.

Financially speaking, I'm still saving, but the goal is 50k saved up (all costs: closing, fees, down payment, portion of rehabbing costs) by this summer with my fathers help on the cash all while I continuously save 50-80% of my work checks to fund for rehabbing this property and I work off my second job and "survive off of that."

In my underwriting model, I would have to stretch every assumption to the most ridiculous breaking point in order to come up with a 10% CoC return even on a distressed asset. 

I'm sure there is a creative workaround but the trouble I am finding with BRRRR model is the Refinancing part!! 

So you're going to have carrying costs with this , as well as opening the door costs , as well as capital injections by both parties of an amount to be able to pay the bills of the llc just to survive as well as to grow business for yourselves . 

You've given me everything from sound advice to emotional comforting to sharing your stories so I can see (and feel) how others have struggled and survived similar situations.

@V.G Jason while I don't disagree with you about these cycles things do change and there are always ways to survive one way or another.