Im an investor and agent going through the same process George with property in Phoenix, Mesa, and Glendale.

Hope everyone has been doing well halfway through the 2024.

My ideal strategy would be to BRRRR but I want build my own capital before I start chasing cash flow. 

I'd talk it through with a couple of lenders in your area and devise the best plan for yourself. 

Hey Jonathan I am going to send you a link to my contact through DM. 

Cash flow is a huge deciding factor in the next deal.

Generally, the PPP is only triggered if the current note is called "due" through a refinance or sale.

Had a nice positive cashflow until approximately 1 year ago when I had increase in property tax and HOA, plus had  insurance increase, which decreased my cash flow to nearly $0.

I haven't done this as this is going to be my very first property, please feel free to ask any questions:Potential Rental Income: $1000/- month (Right now through housing, but rent is due for increase)Taxes: $2600/-Utilities Water/Sewer: $800/- (Rest of the utilities are paid by tenant)Purchase Price: $124,900/-

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!