While I acknowledge that Long Island may not currently be the most optimal location for the BRRRR strategy, I am eagerly exploring opportunities in the tri-state area, including New Jersey, Pennsylvania (with particular interest in the Poconos), Connecticut, and beyond.

$482K Cost to Build & $330K land costIn this case, we started to pitch to outside investors, but are now negotiating with the current land owner to put their land into the deal as equity and JV with us.

So the next ones will be out of state and should hopefully be as hands-off as the current one. 

Quote from @Marc Zak: In the market where I live (San Diego), appreciation has been strong and many predict it will continue to appreciate in the long term.However, with current interest rates (6% at best) and property tax (2%), the annual cost burden is 8%.Am I correct in saying that appreciation has to be above 8% annually (plus whatever my maintenance and vacancy costs are) for me to make any money in this scenario if the property is cash flow neutral?

Im currently in the process of getting it rolled into an actual mortgage since these are rentals.

Purchase price: $55,000 Cash invested: $440,000 Currently under construction and pre-leased for $6,195/month, this 7-bedroom, 5-bathroom student rental in Clemson, SC, was built using investor cash and designed for high-end student living.

I currently have five properties in the Atlanta metro area and I'm picking up one in Cleveland. 

We currently have a DSCR loan on this property and paid $180k for it. 

I’m currently living in the El Paso area. 

If the current wood ones are ok leave them.