The house fit our criteria for price and equity.

That is the subject, that is where Dave Ramsey fits into this thread.  

A Joint Venture (JV) partnership is probably a better fit for you now.

Now, with the COVID correction, you will start seeing more properties that will fit your metrics in better areas.

Explaining to the seller, who knows what’s happening, that you may have to offer a seller financing deal, if it fits, can also help getting through some of these transactions.

Hey guys,My friend and previous landlord rented a room to a tenant he believed would be a good fit.

The goal here is that the property needs to fit the math equation of the BRRRR as well...but more on that in a moment.When it comes to buying my primary home, I can buy with 5% down, 3.5% down, maybe 3% down and even LOWER with Downpayment Assitance Programs that would be available to me.

Most repairs should fit on a credit card.

Things to consider are how to build up reserves, how to get better tenants, are the properties you have now the right fit for you, why were you only making 1K/month for working Jan-March?

I have enough reserves for 3-6 months and a certain point it’s “cheaper” to have a place vacant with utilities turned down versus non-reviewed guests at bargain rates, a month’s worth of belongings, and a guilt trip ready at hand when I tell them it’s not a good fit.