In hot markets, some wholesalers and investors use 80-85% of ARV (minus repairs) instead of the typical 70% to stay competitive.A few tips:1.

I figure the ones over 50 or 60 years old have already had all the big ticket items replaced.

I am starting my first househacking deal this year and I will Segway that into my second deal by end of 2025.
I would love to hear all you experts and pros with experience to tell your story. If you are in the Seattle...

Any tips, warnings, or real-life lessons are welcome! 

To save my fingers from typing the same thing over and over, I wrote a blog on BP with my tips and tricks.

- The property is probably NOT as profitable as you think it is.More reality for you - how are you going to cashflow enough from leveraged rentals to replace your current income?

Get replacement cost hazard insurance along with an umbrella policy of at least $1M, probably double in your area.

I know you said you don’t expect anything major on the properties soon, but I would take a careful look at what is most likely to need to be replaced soon and figure out how you would pay for that if it needed to be done tomorrow.

You can learn from someone one step ahead of you and then do business together.I'm sure there are plenty of mentors you could pay substantial money to to gain knowledge and know how but i doubt it could replace actual relationships that are pertinent to your market and current business.