For example, I wanted to buy a cheap, off-market hoarder house or fixer-upper under $X.

Stuff happens, who knows what hidden BS can be found on a purchased property ESPECIALLY a D-class "garage price" home.

And are you looking for turn-key properties or something along the lines of a "fixer upper"?

I don't use padsplit (weekly rentals); I rent on long-term leases in B Class neighborhoods.

I know the area like the back of my hand and believe Indiana has tons of upside to invest in.I came from a low-middle-class family of teachers.

Hello, I want to move forward in forming my first BRRRR team here in the Upper Peninsula of Michigan but I'm not quite sure where to start. 

PM: Ask them how many properties they manage in your asset class.

I've talked to lots of California and a few NYC investors that have lost money (including myself) who bought inexpensive properties in the Midwest mostly and a few in the South (Class C is volatile). - some strategies I've seen California investors use to lessen negative cash flow: house hacking, mid-term rentals (people temporarily displaced from home renovation or insurance reasons like fire), rent by the room, Short Term Rentals. - The ultimate house hack, live in the small ADU unit and rent out the two levels of the main house on AirBnb in San Francisco (I would have thought STRs are oversaturated in S.F. but it worked for them and they stay fully booked).

I have a duplex in Wisconsin and the upper tenant has just notified me that she lost her job 3 weeks ago and doesn't have money for rent this month.

I bought the main house as a fixer upper and forced a modest amount of equity prior to the construction of the ADU, I did not incur a negative equity position.