I'm not sure the house would make a good rental property anyways as rent estimate is below 1% of value.

The AAPL issuance was a good start but BP can do better and has a better platform for this I was first introduced to HML term in the mid 70s and not sure how many decade before the term was coined.. but its been that way to me for 50 plus years :)

If you can cover your PITI in CA you found a good deal.

Good afternoon everyone, I currently have new construction coming up where I am sourcing construction loan quotes from multiple lenders.

My wife and I have found a potential BRRR property in the Pensacola, FL market and would really appreciate insight from the group here on if these numbers look reasonable and if it overall looks like a good idea.

It provides housing when we have limited supply, it's a good way to find tenants and make friends, and it produces a great ROI (if managed correctly) because the rental income is generally higher.

If you don't have enough to buy with cash and will get a mortgage, I would focus on finding a good-value home with a solid CAP rate and Cash-on-Cash return that will appreciate and fit the most common rental size house in your area. 

Sounds like you've put a decent amount of thought into your plan and I think it's a pretty good one.

Knowing that you'll have a good amount of eyes on the property at your ARV of $3.5M, I think you would be able to get it sold in a decent amount of time and save some holding costs. 

Investment Info:Single-family residence fix & flip investment.