It even states that the lease “will repeat itself” but doesn’t specify terms like figures or percentages for rent increases.

the key to a BRRRR, whether it's going to be an STR or LTR, is this:distress.you need to find a significantly distressed property, such that you can increase the ARV via the rehab. 

After you've completed some updates & have reviews start to increase your rate.Feel free to reach out anytime if you have questions :)

The mortgage would stay under the seller's name.The buyer could then rent out the unit, renovate, etc. to increase cash flow or make more money.But aside from a possible "due on clause" being called by the mortgage company, what's the benefit to the seller?

While rates may not decrease, the significant double-digit increases should level off.

The first couple is a no-brainer.The second group has too many people, increasing wear-and-tear on the home.

The 401k is a valuable asset but its my thought that I can use this asset to further increase my portfolio by putting that money to better use.

Slight Update: After speaking with more BP members, I’m increasingly leaning toward making my first purchase in New York—a 4-unit rental property where I’d be my own landlord.

When we create our business plan, we also include our exit plan.We'll only proceed if we can clean this up, acquire new tenants at higher rents so we can increase our NOI, which in turn should reflect our cap rate and profits.Since this asset class is new to us we will tread cautiously.Scheduled to preview tomorrow. 

The appraisal came in at 490000k arv and the comps pulled and increase in home value since a year ago shows the property at around 515000k.