This has been great advice.Here are the general themes I am taking away: -Houston Market is unbelievably HOT, due to various factors, margins and cash flow are being squeezed, and even veteran investors are moving cautiously - with that said there are deals to be had, requires patience, diligence, but also speed to action To add to that: My general observation is that, low rates and hedges against inflation is flooding the market with cash, increasing the cost of assets but the rents have not caught up.With that I can see why it will be difficult to BRRR, but shouldn’t the flipping strategy still be effective in this environment, assuming you can cover your purchase premium paid via your charging a premium at your exit.Should Investors be looking to Flip and hold cash for when the market allows buy/hold deals to pencil?

You will be able to charge a much better premium selling to the first group.As for others' suggesting the Japanese wedding business, just putting it out there that it would not be nearly as profitable on the Big Island. 

Very passive investment with the right systems in place even without a property manager and able to charge a premium rent.I'd eventually like to get into medium to large multifamily, but after all expenses and the current costs, I haven't found one that makes a ton of sense.

Charge a premium so that its ultimately advantqegeous for her to move.

In general, we have a strong preference for well-placed single family homes that can generate premium rents ($5,000+) and quality tenants.  

Accidents only happen occassionally, and death only once, so why waste money on monthly premiums?

I understand the general pros and cons of operating in these markets, pros being built-in market demand, often higher yield in rental income and often charging premiums on shorter term leases.

That being said with the current market we're experiencing, you'll likely need to pay a bit of a premium as multis have become tougher to acquire in the city as of late.Good luck in all your investing!

I require tenants to handle something this basic, unless there's a very valid reason why they can't (elderly, handicapped) or they are paying a premium to cover the service.

In addition, our market is in high demand, thus prices are at a premium.