I prefer buying sub $200 in a market where median is $350k+, long as it's fair condition, ancillary/satellite MSA, because I know time will slingshot appreciation. 

Started this investment mainly as a weather change from Iowa in the winter. 

Contrary, as long as I can make my mortgage payment, I'll keep the house, even if it is underwater.In this example (which is based on current market conditions), I like microsoft unleveraged better than real estate, but if rates go down to 4-5%, I find an underpriced house, or an area which I expect to have above average appreciation, real estate then looks better.The second reason to invest in real estate is there is a lot of value add propositions to increase returns (closer to running a business than investing). 

Depending on how bad the conditions are, accrued pref may never be paid out and original contribution may not be returned in full.If pref equity's original capital contribution is not returned in full, common equity is in even worse shape.

If you fail to remove icy conditions from the sidewalk after a winter storm and your neighbor slips and falls while walking their dog do you really believe they cannot sue whomever is the property owner because there is no contract?

What these $20 - 40k “mentorship’s” sell is a SHORTCUT, but it does NOT work because the PRIMARY real estate education and knowledge MUST be there in order to be able to implement and strategy or tactic correctly, at the correct time, and under the correct conditions.  

Our current economic conditions are challenging for cash flow in most markets, but I wouldn't let that stop me from diving in. 

@Marc ShinThe timeline for completing the BRRRR process can vary depending on a few key factors, like the condition of the property, your financing strategy, and the speed of contractors.

Federal programs will require you to use GC/licensed folks for a lot of the work and they will get reimbursed by the institution that your loan is with; many GCs don't want to wait on the float time of requesting funds and getting them.Depending on the program and rehab/condition of the home, you may not be required to live in the home (think black mold remediation...bank isn't going to put you in a compromised position) however they may have min/max of when you need to move in.

Property Managers want to make their lease up job as easy as possible and bringing a property up to like new condition is one way of doing that.