Realistically we will be getting closer to retail pricing although we are are looking at some off market properties to try to get a discount.In terms of cash flows, from the modeling I have done, there looks to a decent amount of cashflow on these properties when modeling at retail so I am curious why there would be no cash flow on BRRRR strategies?

Pete and Clearwater still work well for mid-term rentals despite some short-term rental saturation.

I now live in Indianapolis and work exclusively with OOS investors, particularly those investors looking to acquire cash flowing small multi-family and/or short term rentals.

But neither do you, yet you started with:"Short answer is "yes"  - which I consider misleading.And you manipulated the OP's question to fit your agenda.

Out-of-state investing makes the most sense for me—it’s impossible to cash flow anywhere near me, and moving wouldn’t make sense because I wouldn’t be able to earn the same wages or find the same kind of jobs.Before this purchase, I already owned two properties: a long-term rental outside Houston, Texas, and a short-term rental in the Sierras in California.

Quote from @Nate Marshall: Quote from @Robert Short: This is my concern as well.

The property will do very well over the long term.

Congrats on going under contract!

The world of commissions has changed lately and here in Texas they keep us on our toes by rolling out new contract forms monthly.

I am a long term hold investor so that would likely be my play.Good luck Sean!