Quote from @Christopher Lynch: I recently watched an episode of BiggerPockets where the guest discussed how he started a real estate investment company and buys commercial properties with 0% down.

Some outreach to local companies with a transient workforce may be worth your time - you'd have 1 lease rather than 5 (1 per bedroom). 

the company I went with was 12k and performed high quality work.

I have some funds in my 401(k), and I'm considering whether I should cash out some of them to help with the purchase.

Do any of the tenants have Dogs (Breed restrictions are individual to each company).These may not prevent you from getting insurance but they may limit the number of companies willing to insure it.

There are companies out there who will review a file for you (for a fee) and be able to tell you what was changed on the document? 

Do you have a pre-approval or proof of funds ready?

For property management, choose a company with a good track record in STRs and transparent fees.Happy to connect with anyone looking to share insights!

And yes, you are still responsible for wiring earnest money to the closing attorney/title company when you put the property under contract.

The BRRRR strategy is a systematic approach to real estate investing that revolves around five key steps:Buy: Purchase a property, often below market value, that has potential for appreciation and improvement.Rehab: Renovate the property to increase its value, make it livable, and improve its rental potential.Rent: Find reliable tenants who will pay rent, allowing you to generate consistent cash flow.Refinance: After the property is rehabbed and rented, refinance it to pull out the equity you’ve built through the renovation.Repeat: Use the cash obtained from refinancing to fund your next investment property, starting the cycle again.Step-by-Step Breakdown of the BRRRR MethodLet’s take a closer look at each stage of the BRRRR strategy to see how it works in practice.1.