@Tedman ChengWe do 20 Flips/BRRRRs per year and use these tools:Underwriting - DealCheckProject Management - ClickUpBookkeeping - QuickBooks Online Plus Team Communication - SlackFile Storage - Google Drive

This enables you to possibly profit from the property's appreciation even in the event that your initial cash flow is negative.Opportunity Cost: Investing the money you would have saved by making a 20% down payment on a different property might diversify your holdings and raise your total return over time.Appreciation: The return on the lower original investment may surpass the negative cash flow if the property increases at a rate of 5%.Considerations:Market Stability: Although Florida has traditionally seen rapid growth, it's important to take the stability and possible swings of the market into account.

Totally feel you man!

You could find those contracts online but I would highly recommend getting them reviewed by an attorney. 

There is government data online to see where good schools are, low crime rates, and desirable city amenities.  

Would be interested to hear your experience. online/offline. 

So do you say in your screening criteria that if total debt plus monthly rent payments = greater than 45% of gross monthly income, you will deny the application? 

@Jay Hinrichsi would totally do this IF i got help from a city or some other source. 

Not totally impossible, but at that scale, difficult. 

I’m gonna be totally honest with you, it’s extremely hard if not impossible to replace a full time 40 hour a week with rental income at least in the shorter, it’s the type of thing that helps you retire a little early and have a buffer in retirement, my grandmother has been in poor heath for years, those properties have allowed us to give her the best care possible, if you don’t already own a home and feel comfortable with your budget and the ability to live in that house for  at least a few years, I’d get started on that don’t even need to over complicate it, find a budget, find a house you like and can see yourself in at least for the medium term buy it.