I'm looking for some help on the numbers.This would be my first BRRRR deal so kind of nervous.Purchase price $281KClosing costs (Attorney fee 995 +inspection 600 +survey 250) = 1845Total = 282,845Rent estimate = $2400Prop mgmt = 230 (10%)Tenant turnover = 110 (5%)Prop maintenance = 110 (5%)Capex = 110 (5%)Tax = $350Ins = $100 (guestimate)Reno budget = $25KARV = $330KRefinance: P+I = $1275 (70% refi)Prop mgmt = 230 (10%)Tenant turnover = 110 (5%)Prop maintenance = 110 (5%)Capex = 110 (5%)Tax = $350Ins = $100 (guestimate)Net = 2400-2285 = $115 /mo.I know it's not a lot of cashflow, but A class neighborhood and potential equity make it a sweet deal.

Sooo many people all within an hour drive radius (depending where you live), plus the rents are in the Grant Cardone sweet spot of $800-$1200.

However, rent collection protocol – just how to collect that sweet, sweet nectar!

Stephen Masek That is sweet.

I'm currently between positions and learning more about home maintenance and repair-Religion: Unitarian Universalist -Spouse: unmarried, but have a very loving and supportive girlfriend of 4.5 years-Pets: I have a very sweet cat named Maple-Hobbies: I like hiking, biking, listening to music, playing games (board & video), and reading / learning-Location: Boulder is a nice town but due to the supply of housing being (intentionally) broken, it is REALLY daunting for a non-wealthy person to think about starting a real estate journey here...    

The downside I see with 1031ing is that it forces me to get into a relatively move-in ready property since I can't roll my equity into rehab.The upside for paying gains on my equity is that I have the flexibility to sit on the cash indefinitely while looking for a sweet deal, and could buy something that's needing some love, and have the cash to make it happen.A little about me and my goals:-My risk tolerance is about 5 or 6 out of 10.

For the love of sweet Jesus, Kris, never post your credit score in a public forum next to your full name.

@Adam FaragThat's my sweet spot.  

If you do your due diligence  on the property and the numbers make sense to get a sweet deal on it then there's absolutely no reason you shouldn't move it fast.

Those wood tiles look pretty sweet.