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.

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. 

Some say it increases bookings, while others mention concerns about damage and additional cleaning costs.

You are already paying rent, so pay it to yourself to increase cash flow and accelerate savings for the next investment. 

One property went for almost $100,000, before increased interest in real estate investing, that property would have sold for a high of $50,000 maybe less. 

Purchase price: $169,000 Cash invested: $33,800 Property was recently renovated to increase the value of the property and the cashflow What made you interested in investing in this type of deal?

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

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.

Think of vehicles like the cyber truck where you need to sign up ahead of time to pre-order and so many people want it that the value increases shortly after they are released.

House hacking is a financial no-brainer, it eliminates you single biggest monthly expense, so you can increase your savings rate.