@Adam OrtizRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Typically people who ask this question either a) have TONS of money and no time and can afford to take losses and risks OR 2) are pretty naïve to all the risk of long-distance OOS investing.

> Many, basically get taken advantage of by those in the industry that have an incentive to keep newbies blind to new realties, just to keep their good times rolling.If someone poses an inquiry on this forum, I provide my honest opinion (which it typically that the investment is unlikely to provide a return that justifies the effort & risk).  

But I want to understand:How quickly do rental units typically get leased?

@Steven Catudalthe 'no cash flow on a BRRRR' is typically just because you are boosting the ARV and then taking out the maximum amount you can on the refinance, often using a DSCR loan with a higher rate. 

He doesn't pick up his dog waste and when we told him about it (before we evicted him) he said the grass is too long (I cut it every two weeks).  

>There are MANY landlords with properties on the west coast and in the New England states, that deal with negative cashflow - but, depend on appreciation to make their rentals "profitable".I am very familiar with west coast markets and investors on the west coast market typically only have negative cash flow if they recently purchased or recently did a high LTV extract of value.  

To ensure you’re not overpaying, compare these quotes to typical rates in the area using resources like HomeAdvisor or Thumbtack, or by reaching out to local contractors for ballpark estimates.

To echo Dominic, typically if you need to raise under $1mm of equity, the formation costs become overly prohibitive.  

They could offer different products for single family vs multifamily so it's a good idea to get with a lender to see what they can do that may not be your typical mortgage type.