In in Pennsylvania in Bucks County.

Seems like most people are swinging for the fences and trying to make the big bucks now.

If month to month the owner usually charges more maybe 25 to 50 bucks or more a month in rent but if they sign a 1 year lease then a lower monthly amount typically. 

Sooner or later, after the tenants do this every day, four or five times a day, the top falls off from wherever they carelessly balance it during these manual flush operations and breaks.So the next time you OOS hopefuls see $12K properties in Rust Belt hoods and start running amazing rent minus PITI calculations while dreaming of self-managing from eight states away, understand that it ain't all that easy to make a buck down in these property classes and you'd better be living here if you want some of that good green ghetto money.

@Kristine Groemping well with those pictures you are giong to spend the big bucks .

Being my first property I was just excited to make a buck.

You'd have that upfront cost of a couple hundred bucks but it could save you a ton in the long run.I hope that helps.

She's already made $25k in PITI payments since we originated the contract in 2018...so clearly she has skin in the game and incentive to honor the contract through maturity.

The way I look at it if my rent now is $1,000 and I can get the BRRR to cash flow about 300 bucks, if I live in my BRRR I would be paying about the same like 600 bucks to live there... if I stay in my apartments it would be like 650 ish...

This property may only be worth a few thousands bucks "as is", but the assessor thinks it's worth $1,00,000 because that's what it was worth 7 years ago.