Truth be told most people have too much ego to ever listen to what I say.

People go back up north when it gets so hot.One thing to explore and is an idea that is rocking right now in LA is the concept of an ADU [accessory dwelling unit] or guest units, people are adding guest units and doing ADu conversions - this allows you to take a SFR and add or convert it to a legal rental, as opposed to having to rent out an extra bedroom and deal with roommates, you can take that same bedroom and add a kitchen and bath and you have an ADU that can rent out for a premium.

Springfield is considering an inspection fee for rentals, but we don't really have any extra fees in place yet.  

A duplex sold for $375,000 in same area, but had extra 200 sqft.

I know it’s not what you wanted to hear but it’s the truth.

However, if you feel like you do have some extra time on your hands, you are handy yourself and/or you have some good connections and team members that can do the work for you, doing the BRRRR is a good way to go.

Truth is there’s a lot of missing info to make a sound decision whether this is a good investment If I were you I would request a T12 and RR to evaluate the financial stability of the property

Maybe have a extra 10,000 penalty the first year so no matter what he ends up with 220,000 if the buyer refinanced right away. 

If I take several mortgages out simultaneously, I'll be bringing in small net margin for each property earlier than if I'm waiting to pay in full, but I'd like to hear from others whether the extra work dealing with the loans and mgmt of everything is worth it.

Is this truth or bunch of BS.