This is a great place to learn and to connect with people so take advantage of all the great resources.

On top of that, FHA has very strict and particular rules around income.

The #1 resource for me has been other investors. 

I’ve seen folks pivot their plans quickly if they discover one city has friendier permit processes than another.Great to meet you @Christopher Jennings - I see that Pat has already commented, she's a fantastic resource to have in your new backyard.

So far, if we use the top 3 comps and multiple by the square footage, we'd be getting an ARV of around $700K.

Wich goes back to my comment to the initial poster. people who want to buy homes in DC and top markets like that are the ones saying BRRR is impossible right now.

Any must-have tools or resources?

@Suhaib RehmanI'm up here in the Tahoe area and have a couple of insurance broker resources.

Our portfolio currently cash flows, but cash flow isn’t our top priority right now since we plan to use this portfolio to supplement our retirement in 12 years when I leave the Army.My biggest challenge is committing to an out-of-state market.

For those curious about the numbers:Purchase Price: $95,000Renovation Costs: ~$4,000ARV: ~$140,000Expected Rent: ~$1,500Thank you again for being an incredible resource.