I know you vets out there like David Greene will say you don't need to see the property in person and I agree. 

I am very green to this, as I have only been reading and listening to BiggerPockets over the last 2 months.

If you can't tell I'm pretty green behind the ears for pretty much all of this, opening an LLC, renting property, real estate in general.

If you are purchasing a property at an 7 Cap in a market where all properties of a similar vintage trade at a 5 Cap, that should cause concern--not be a green light to invest because it's a "better deal." 

David Greene says it in his book and I know Brandon Turner has mentioned it in his book: the key to BRRRR all starts with finding a good deal.

@Cayton Green I absolutely would vote for your Option B versus A. 

@Jonathan Greene Great point and perspective.

I am halfway through David Greene's BRRRR book and I'm now compelled to deploy my cash for a BRRRR instead of a house hack and it doesn't seem practical to BRRRR in Northern Jersey (or NYC, of course) with my capital (probably reach $100k cash by summer 2021).I gotta say, my plans keep changing fairly drastically week-to-week; I'm excited to see where my mind is in another couple weeks :) Thanks for bearing with me!

Article highlights:“Tesla recently purchased 381 acres adjacent to its existing 2,100-acre site at Harold Green Road and Texas 130, deed records show.Tesla also is believed to be pursuing additional land purchases in Southeast Austin along the Texas 130 corridor, according to local real estate developers knowledgeable about the area.A battery-making operation also could be a possibility, as well as a test-driving area, analysts have said.

The combination of assumed loan and preferred equity could bring numbers back into the green for other investors.