Normally the tenant will initiate their payment, it will take 3 or so days for the payment to withdraw and another 3 or so to deposit into our account.

On the other hand, Option 2 with the BRRRR strategy entails owning a single property outright, building long-term equity, and potentially cashing out through renovations, but it's a slower ride, relying on successful renovations and favorable refinancing options, and you're starting with just one property, which may limit your income potential.

Understand the exit (lending) and you can determine how much cash you're going to need to park into a single deal. 

I need some advice on the following situation.I am sorry for asking such a basic question, but unfortunately, I am still new to this and never dealt with this type of scenario before.I have a single family home that is part of an HOA.My main goal is to protect the asset and avoid any potential financial loss as much as possible.The current lease agreement states that the tenants are responsible for mowing the grass.They are also responsible for paying any HOA fines, etcUnfortunately after multiple attempts to get through to them to cut the grass, the grass was never cut and the yard is getting worst and worst.They also refuse to turn on the sprinkler system which is causing the grass to slowly die.

As of 1/1/2023, Raleigh, with 125,421 single family residential units, had 37% of the Wake County total of 342,580.

Think about other ways to invest, like looking at cheaper areas nearby or buying single houses or flats.

Talk with your tax accountant about primary residence 2 out of 5 years.  

In this case you just have to deal with added hassle of long wait times for inspections, crazy accounting, government employee turnover, etc.    

You can have a look at the report yourself, but I think you might have to register for a free account with Onera (I guess it is a new competitor of AirDNA): https://onera-group.com/str-markets/fresno

It would have been nice to pay lower for the property but from what I can see from the appraisal, the appraiser took into account properties with similar rent values which brought the appraised value back up the second time around.