Probably analogous as to hiring the cash contractor versus the well established general contractor.

In addition, the seller is making some interest versus no interest; getting at or above asking price; seller isn't getting hit with capital gains all at once. 

House-hacking will also give you an opportunity to get closer into the city versus the outskirts as roommates can help lower your overall housing costs. 

I like deals where value upside is realized much quicker and with smaller deals you can have diversity across multiple projects instead of trying to hit a grand slam with one humongous one.Syndicators tend to like larger deals because it amplifies their going in fee. 20 million at 2% is 400k on the front end versus say 30k or 3% on a 1 million deal.My smaller deals I split upside 50/50.

When would you say a HML loan would be a better option than versus a portfolio loan?

Knowledge level is different for those that have been evaluating tens of thousands or more of these properties over the years versus the casual lookie loo that has viewed a few properties online and read some random articles about what the retail market is going to become or do next.Risk profile tends to be higher in cold belt states where overall growth regardless of the asset class is taking a hit with net migration and retirees moving away to warm belt states.

@Brian Wagers Hey thanks Brian!

The other part of BRRR that you should have ready at the beginning versus waiting for the end is knowing who you are going to use to Refinance & what are the terms.

The liabilities of in-state investing versus out of state investing are roughly the same except where regulations come in.

For instance if an MSA has a population of 4M people, then for a 50 unit complex what are your minimal submarket population size criteria in a Specific zipcode, census tract or geographic radius, versus that of a 70 or 100 unit property?