We are in New York and our farm area is mainly Suffolk County but we are open to investing in other areas even out of state possibly.

I finally finished the renovations  on my gorgeous house (that's what everyone else says anyway) and I'm renting out the 1 bedroom apt below and just started renting out rooms in the main house where I live. 

My main points on new construction is its location and demand it needs speed with a good scope of work and plans and good contractors. 

The main thing is that you could get your money back faster.  

Ideally the main goal of using the BRRRR strategy is to be able to use the same bucket of money over and over again to acquire endless number of properties.  

Mainly beacaue the high insurance costs prevents our desired cash flow. 

I have been mainly a lurker for quite a few years now.

But at the same time, all this is just so I maximize my profit and I want to use all the perks this strategy gives you - NROP as high as possible, higher long-term cash flow, almost hassle-free landlording, etc.My main goal is short-term high cash flow, not the equity.

As soon as a life event happens with that tenant they tend to start trying to renegotiate the rent lower, move somewhere cheaper, go buy a house to own directly,etc.There are some areas where renters are outpacing supply so landlords can almost do whatever they want in charging rents ( if rent control is not in place) but those are few and far in between on a national scale.Just think of if you are top market rents and do your purchase projections based on that assumption what happens when the market shifts and rents go from 1,200 to 1,100?

They should have 2 years employment with the same employer, call HR to confirm they are a employee do not use the contact # the applicant supplied.