These areas offer excellent opportunities for long-term equity growth and solid rental income.Florida still has strong cap rates—you can expect 7-8% in year one, 8-10% in year two, and an average of 10-12% over five years.

They provide excellent, practical advice on every aspect of MTRs including cost metrics, location strategies, market data sources, needed furnishings, and more.

I will be seeking financing with my partner, who also has excellent credit.My main concern is the amount my credit score would drop when taking the offer, and if this would adversely affect our ability to apply for financing.

Until I hear of a company that does this, take care of the landlord costs, provide excellent care for tenants, I'll hold off.Yes, maintenance is a pain, yes, there is definitely an opportunity for a company to step it up, but each region is different and scaling this up is hard.I hope that Latchel and others get their operations up to snuff. 

Below is a link to Josh Andrew's book which is an excellent starting resource, and an e-book from Dave Van Horn about NPL investing. https://www.amazon.com/Paper-Profits-Beginners-essentials-mortgage-ebook/dp/B06Y4C7X6Y/https://www.pprnoteco.com/wp-content/uploads/2016/08/Intro_to_Note_Investing.pdf

@Brienne Metcalf first off @Kevin Sobilo's points are all excellent. 

While advanced features are available for purchase, partners receive 1,000 free skip traces each month to support their efforts.Utilizing ResourcesBiggerPockets is an excellent resource, and we support its use.

Small business with excellent service and better yet great photos.

As long as you are well positions with access to capital, a recession or a RECESSION would be an excellent buying opportunity. 

Each approach brings its own strengths, and the BRRR strategy is excellent for building long-term wealth.