I have shown this via a study i have done which shows data from propstream and propwire are at least 2 weeks behind county/court/noitce records which are the source of 90% of off market motivated seller leads Take a look at my home page for more thorough explanation of what youare NOT getting when you use Propstream, Propwire, Propshark, PropRadar and the like.Also, propstream and propwire only provide, for at least FL, TX, CA, a third of the preforeclosure leads wich are available from  county/court/noitce records, so, if you want to be ahead of the pack in the off market world go to the source and you will save yourself a lot of time, money and aggrevation.How do you get the data from the county websites?

Insurance needs to be carefully thought out ,carry a high deductible ,look at other ideas that can lower your premium .With a high deductible you need a money sitting in a account that can cover the deductible .

Fortunately, we didn't lose money on this property but just broke even.

He is right, guarantee or not, Joe owes you the money back

So, if I price my properties to exceed that on average, I'm actually making MORE money overall than if I priced the rent higher and had tenants staying less than 2 years on average. 

What about all the money we spend to build our businesses, run the business and market properties.

I was thinking either to refinance my current VA loan or get a HELOC and use that money to purchase some rentals and I plan on holding on to the properties for as long as possible. 

It’s harder to BRRRR in the Tulsa area now due interest rates, you definitely have to buy at a great discount in order to be all in low enough toget all of your money out and the rents have to be high enough to still cash flow after all expenses (PITI, Mgmt, Vac’s, Rep/Maint, CapEx, HOAs, Util).Based on being “all in” $120K in order to BRRRR and still cash flow at least $300 mo:$120K cash out amount - at 7%/30 yr ($150K+ ARV)PI = $800 mo + Taxes $150 + Ins $150 = $1100mo PITIRENT would have to be at least $2000 mo- $1100 PITI- $200 mgmt (even if self mng, it’s exp for time)- $200 vacancies- $200 Rep/Maint & CapEx= $300 mo cash flow.

Sell them on coin base, then just use that money to put down.

The other two don't take into account the time your money is tied up.  15% of ARV is great, if your flips take 3 months.