They can guide you on tax advantages, asset protection, and multi-state strategies.A HELOC is a smart way to leverage your equity—ensure your financing structure aligns with your long-term goals.Since you plan to add multiple properties annually, consider setting up bookkeeping and financial tracking systems early to streamline your operations.Best of luck with your BRRRR journey—it sounds like you’re off to a strong start!

Do you have a full tenant screening system yet?

As a first time out of state investor, I would not do a BRRRR to start until you build your contacts and systems there. 

How about the Internet?

The hardship in my case stemmed from the fact the parcel size required a storm water management system that would cost the same to implement if I built 7 homes or 30.

Water, trash, internet, and fire wood make up the rest of the utility allocation.  

This is also my purpose for sharing the experience with the BP community and the internet community so that people are more informed.

I create a comp set to dive into the competition and analyze how many other MTR homes there are, what cleaning fees are being assessed, booking lead time, # bedrooms and competition and if EV charge, Pet policy and Pools make a difference.JURNY for a PMS system & channel manager.

There are also some challenges here as well to navigate but with the right systems and processes, section 8 rentals could be a nice avenue for you to explore.

This wasn’t a failure (if it is a failure) because of purchasing at the top; the economy crashed; pandemic closing everything down; or a massive failure of the financial system.