Location Matters: Don’t be afraid to leave your backyard.Choose a property in a strategic location that attracts tourists or business travelers.

It is not money out of my pocket, the interest is deposited into my 401k fund - effectively an increased 401k contribution; just have to pay interest until the loan is fully paid off.

Hi Daniel,All around it's a tough market to do a BRRRR, but a lot of investors are looking at ADUs to increase cash flow or doing short-term rentals.

In terms of determining if a property is a decent deal, you might want to look at the potential for rent increases in those areas and compare that to your mortgage payments and expenses.

My philosophy is that I am trying to attract my ideal client.  

It was month to month.I gave 30 day notice that the rent would increase to market rate, and he could move without 30 day notice if he wanted. 

This is for the purpose of having a strong foundation that will minimize risk from any “Black Swan” event and will also increase your long term cashflow.When investing in real estate or business in general, one should always look to protecting the downside first before looking at the upside.Just my opinion 🤷‍♂️Regarding your $50,000 budget for turnkey.It will mostly be C or D class which I would advise against.High crime, lot of volatility, unemployed tenants and property management collects rents with a bullet proof vest and shot gun.On paper things look great, in real life they are much different.On the other hand, if you DIY in a markets like Ohio, Michigan and Indiana.You can definitely be into a B class asset for $50,000 purchase and rehab.Wishing you much success

When I went to rent the house out, I kept the house fully furnished, which increased the interest.

What changes would you suggest in terms of increasing landlord participation?

Many people are rushing to legal remedies and that's a bit premature and could only increase your losses.