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

Cost segregation is excellent for STRs because you can take it to offset the terrific gains on this type of property as well as off-setting it against W2 income if you are materially participating in its management. 

Ironically most investors don't slow down to ask themselves that simple question but will prepare a multi tab excel spreadsheet justifying the reason behind purchasing the low barrier home that lacks fundamentals because it meets the 1% rule or is a good BRRRR candidate because that's what they are taught.

To maximize the number of transactions you’re involved in you will need to:Be Top of Mind when they think about moving - which requires consistent reminders.Be seen as an Expert – which requires a consistent message and Evidence of Success storiesGain their Trust – which requires communicating integritySo, start out by listing everyone you know in an Excel spreadsheet.

It is the hardest thing, part art and part science.

@Teahjsia Frazier excellent advise from others here.

Excellent point on the IRR, I haven’t built my spreadsheet out to accurately calculate that yet but I know it’s pretty high for the SoCal properties.

This is excellent, thanks for sharing!

Hey @Emily Mohr, 0-5 rentals we usually recommend Google Sheets/excel rather than paying for software.

Both are excellent places to start building connections and gaining insights!