@Nathan Gesner Funny you should say that as that is what we did yesterday ..we actually lowered it to $1685 and it looks like we have a renter  hopefully  ( fingers crossed ).Income verified , credit score etc It’s a bit low for me but we can get the mortgage paid, the heloc payments and the roof payments and still put some cash flow in  reserves each month as we will pencil out a bit.

And hey, maybe we'll cross paths again when you're ready to make a move into a new market!

@Sam TrightBesides the other comments above you also start really walking or crossing the fine line of selling securities when you start bundling up parts of a note and selling it to different people.

Cash-flow is great when you're looking to scale unit count more aggressively and appreciation is better for steady long-term gains and wealth building. 

I'm also asking for contractor, CPA, insurance, and legal references from the property managers and will speak with / cross-reference them before going forward with one. 

I've never done a fix and flip myself, I've always stuck with BRRRR because rents were the only thing that can be counted on.

YEs, it's cheating, but you won't be the first who has done this.Side note - I never understood why a college degree counts for S**t towards being a GC.

- Kid Count - A lot of tenants don’t even understand how this works, and it changes somewhat often.

Not sure about PA, but in NY if there are any lights in common areas the landlord needs a separate meter - you can just go count the meters on the house, if there are 5 then you know there is one for common areas.I wouldn’t use cap rates for a four unit, use comparable properties if possible.

I'll give the county a call to see what they can share on the permit count.