Specifically, turning a unit, Changing locks, Repairs AND showing to potential new tenants?

If you're looking to save some time shifting through properties, our company, Winnow, automatically scans and analyzes every newly listed property and then sends you the ones with potential.

To that, I would answer: a lot of creativity, a lot of hard work, and a lot of luck while taking on a lot of risk. 

Lots of valuable insight on this thread already..Since you are an agent, you are in a good spot to source, close on, or sell potential BRRRR deals. 

Look into Illinois first-time buyer programs for potential grants, and think about leveraging business credit once you’re established.Good luck!

Normally you use a fund to reduce risk.  

We have a potential buyer of a lot in St Augustine, FL who would like to build a new single family short term rental.

@Devon Shives,Your situation has a lot of potential, but here’s a thought: A cash-out refi could work if you’re confident you can use the $30-35k effectively for your next property, but the higher rate and payment might indeed limit your borrowing power for another mortgage.Consider these alternatives:1.

I am targeting Cincinnati, OH as potential first market because I grew up not far from there and have at least some connections.

With including the units as potential rental income as well?